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Re-Evaluation of World Population Figures: Politics and Forecasting Mechanics

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  • Shobande Olatunji Abdul

    (University of Aberdeen, Aberdeen, Scotland, UK)

  • Shodipe Oladimeji Tomiwa

    (Kansas State University, Kansas, USA)

Abstract

This paper forecasts the world population using the Autoregressive Integration Moving Average (ARIMA) for estimation and projection for short-range and long-term population sizes of the world, regions and sub-regions. The study provides evidence that growth and population explosion will continue in Sub-Saharan Africa, tending the need to aggressively promote pragmatic programmes that will balance population growth and sustainable economic growth in the region. The study argued that early projections took for granted the positive and negative implications of population growth on the social structure and offset the natural process, which might have implication(s) on survival rate. Given the obvious imbalance in population growth across continents and regions of the world, a more purposeful inter-regional and economic co-operation that supports and enhances population balancing and economic expansion among nations is highly recommended. In this regard, the United Nations should compel member states to vigorously and effectively implement domestic and international support programmes with this objective in view.

Suggested Citation

  • Shobande Olatunji Abdul & Shodipe Oladimeji Tomiwa, 2020. "Re-Evaluation of World Population Figures: Politics and Forecasting Mechanics," Economics and Business, Sciendo, vol. 34(1), pages 104-125, February.
  • Handle: RePEc:vrs:ecobus:v:34:y:2020:i:1:p:104-125:n:8
    DOI: 10.2478/eb-2020-0008
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    Cited by:

    1. Hunjra, Ahmed Imran & Azam, Muhammad & Bruna, Maria Giuseppina & Taskin, Dilvin, 2022. "Role of financial development for sustainable economic development in low middle income countries," Finance Research Letters, Elsevier, vol. 47(PB).

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    More about this item

    Keywords

    ARMA/ARIMA; Population growth; Population projections; World population;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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