Population Growth and Economic Growth in Nigeria: An Appraisal
This research explores the effect of population growth on the economic growth of Nigeria over the period of 1981 to 2015. Data on GDP and exchange rate were obtained from Central Bank of Nigeria Statistical bulletin, while data on Population growth rate, fertility rate, and crude death rate, were ob...
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| Format: | Article |
| Language: | English |
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Mashhad: Behzad Hassannezhad Kashani
2018-05-01
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| Series: | International Journal of Management, Accounting and Economics |
| Subjects: | |
| Online Access: | https://www.ijmae.com/article_114780_7fa73aa4a09034dc1d9626e52d908be5.pdf |
| _version_ | 1797690357946777600 |
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| author | Olusogo Ogunleye Oluwarotimi Owolabi Muazu Mubarak |
| author_facet | Olusogo Ogunleye Oluwarotimi Owolabi Muazu Mubarak |
| author_sort | Olusogo Ogunleye |
| collection | DOAJ |
| description | This research explores the effect of population growth on the economic growth of Nigeria over the period of 1981 to 2015. Data on GDP and exchange rate were obtained from Central Bank of Nigeria Statistical bulletin, while data on Population growth rate, fertility rate, and crude death rate, were obtained from the World Bank World Development indicators. Ordinary least squares regression was used to analyze data in this study. The findings of the study reveals that population growth has a positive and significant effect on economic growth of Nigeria, while fertility was negative and significant for economic growth in Nigeria. Exchange rate and crude death rate are however insignificant for economic growth of Nigeria. The study recommends amongst other recommendations that the Nigeria government should ensure that Nigeria’s rising population are channeled into areas of the economy where they may more fully utilized in bringing about high rates of economic growth for the country. In addition, the Nigeria government should increase access to affordable health care services so as to reduce death rates in order for Nigeria to achieve increased economic growth. |
| first_indexed | 2024-03-12T01:59:29Z |
| format | Article |
| id | doaj.art-a069fa36898c4564b573859f0abeef57 |
| institution | Directory Open Access Journal |
| issn | 2383-2126 |
| language | English |
| last_indexed | 2024-03-12T01:59:29Z |
| publishDate | 2018-05-01 |
| publisher | Mashhad: Behzad Hassannezhad Kashani |
| record_format | Article |
| series | International Journal of Management, Accounting and Economics |
| spelling | doaj.art-a069fa36898c4564b573859f0abeef572023-09-07T21:51:04ZengMashhad: Behzad Hassannezhad KashaniInternational Journal of Management, Accounting and Economics2383-21262018-05-0155282299114780Population Growth and Economic Growth in Nigeria: An AppraisalOlusogo Ogunleye0Oluwarotimi Owolabi1Muazu Mubarak2Department of Economics, Accounting and Finance, College of management sciences, Bells University of Technology, Ota, Ogun State, NigeriaDepartment of Economics, Accounting and Finance, College of management sciences, Bells University of Technology, Ota, Ogun State, NigeriaDepartment of Economics, Accounting and Finance, College of management sciences, Bells University of Technology, Ota, Ogun State, NigeriaThis research explores the effect of population growth on the economic growth of Nigeria over the period of 1981 to 2015. Data on GDP and exchange rate were obtained from Central Bank of Nigeria Statistical bulletin, while data on Population growth rate, fertility rate, and crude death rate, were obtained from the World Bank World Development indicators. Ordinary least squares regression was used to analyze data in this study. The findings of the study reveals that population growth has a positive and significant effect on economic growth of Nigeria, while fertility was negative and significant for economic growth in Nigeria. Exchange rate and crude death rate are however insignificant for economic growth of Nigeria. The study recommends amongst other recommendations that the Nigeria government should ensure that Nigeria’s rising population are channeled into areas of the economy where they may more fully utilized in bringing about high rates of economic growth for the country. In addition, the Nigeria government should increase access to affordable health care services so as to reduce death rates in order for Nigeria to achieve increased economic growth.https://www.ijmae.com/article_114780_7fa73aa4a09034dc1d9626e52d908be5.pdfpopulation growtheconomic growthordinary least squares |
| spellingShingle | Olusogo Ogunleye Oluwarotimi Owolabi Muazu Mubarak Population Growth and Economic Growth in Nigeria: An Appraisal International Journal of Management, Accounting and Economics population growth economic growth ordinary least squares |
| title | Population Growth and Economic Growth in Nigeria: An Appraisal |
| title_full | Population Growth and Economic Growth in Nigeria: An Appraisal |
| title_fullStr | Population Growth and Economic Growth in Nigeria: An Appraisal |
| title_full_unstemmed | Population Growth and Economic Growth in Nigeria: An Appraisal |
| title_short | Population Growth and Economic Growth in Nigeria: An Appraisal |
| title_sort | population growth and economic growth in nigeria an appraisal |
| topic | population growth economic growth ordinary least squares |
| url | https://www.ijmae.com/article_114780_7fa73aa4a09034dc1d9626e52d908be5.pdf |
| work_keys_str_mv | AT olusogoogunleye populationgrowthandeconomicgrowthinnigeriaanappraisal AT oluwarotimiowolabi populationgrowthandeconomicgrowthinnigeriaanappraisal AT muazumubarak populationgrowthandeconomicgrowthinnigeriaanappraisal |