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Advancing the Role of Population for Sustainable Economic Development: An Investigation of the National Perspectives
Abstract
The current study attempts to explain the relationship between the increase in population growth with the economic growth in Pakistan. The nature of this relationship is ambiguous as it has positive as well as the negative relationship with economic growth. The causal relationship between population and economic growth is channelized often through changes in GDP. The data for this research is taken from 1972 to 2020.Byemploying the Generalized Method of Moments (GMM)that incorporates the endogeneity issues of the estimation, the research concludes that population grow this a factor that boosts economic activity by enhancing human capital and skill level in the country. Population increase has a significant direct effect on all aspects of the economic status of Pakistan and it increases the opportunities. Today trade openness promotes economic growth. It is suggested that the population may be provided with the skills and better opportunities so that this burden can be converted into an asset to enhance economic growth.
Authors
Ruqia Shaheen
Lecturer, Department of Economics, National University of Modern Languages Islamabad (Multan Campus), Punjab, Pakistan
Najma Yasmin
Chairperson, Department of economics, Queen Mary College Lahore, Punjab, Pakistan
Sidra Iqbal
Lecturer, School of Economics, Bahauddin Zakariya University Multan, Punjab, Pakistan
Keywords
Economic Development, Economic Growth, GMM, Population Growth Time Series
