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Population Growth and Economic Growth Performance in Nigeria (1981 – 2014)

Author

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  • Ettah Bassey ESSIEN

    (University of Uyo, Nigeria.)

Abstract

There has been intense debate in the literature on the role of population growth in economic growth performance. Some scholars believe that increases in the population of a nation tantamount to economic progress, others see population increase as a curse rather than a blessing, but a few scholars also believe that population assumes a neutral position in economic growth process. This paper therefore sought to assess the role of population growth in economic growth performance in Nigeria. The study employed time series data for the period 1981-2013. Using Augmented Cobb-Douglass Production Function (gleaning from Solow Growth Model), and relying on error correction modelling framework, the econometric results established the fact that population growth has the potentials of fostering economic growth in Nigeria, but underlined the fact that this and other benefits would depend on, not only the chunk of the entire population that is active, but the quality of the population. Amongst other policy options suggested, it was advocated that policy measures that will foster target-oriented and skill-enhancing education and training should be designed and implemented. Provision of accessible and affordable healthcare for a healthy population was also advocated if Nigeria’s population growth must be advantageous.

Suggested Citation

  • Ettah Bassey ESSIEN, 2016. "Population Growth and Economic Growth Performance in Nigeria (1981 – 2014)," Turkish Economic Review, KSP Journals, vol. 3(1), pages 143-159, March.
    • Handle: RePEc:ksp:journ2:v:3:y:2016:i:1:p:143-159
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    References listed on IDEAS

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    Cited by:

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    2. Sarah Jacobs & Oladipo Olalekan David & Abigail Stiglingh-Van Wyk, 2023. "The Impact of Urbanization on Economic Growth in Gauteng Province, South Africa," International Journal of Economics and Financial Issues, Econjournals, vol. 13(2), pages 1-11, March.
    3. Rana Nabeel Ahmed & Kahlil Ahmad, 2016. "Impact of Population on Economic Growth: A Case Study of Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 5(3), pages 162-176, September.

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    More about this item

    Keywords

    Population Growth; Economic Growth; Human Capital Development; Cointegration; ECM.;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy

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