An Empirical Analysis of Population Growth on Economic Development: The Case Study of Bangladesh
International Journal of Economics, Finance and Management Sciences
Volume 3, Issue 3, June 2015, Pages: 252-259
Received: Apr. 29, 2015;
Accepted: May 11, 2015;
Published: May 21, 2015
Views 7785 Downloads 271
Shahjahan Ali, Department of Economics, Begum Rokeya University, Rangpur, Bangladesh
Khandaker Jahangir Alam, Department of Economics, Begum Rokeya University, Rangpur, Bangladesh
Shafiul Islam, Department of Economics, Begum Rokeya University, Rangpur, Bangladesh
Morshed Hossain, Department of Economics, Begum Rokeya University, Rangpur, Bangladesh
The population growth has a vital impact on economic development. There are two instructs of thought regarding this issue. Some researchers maintain that population has a negative impact on economic development while others are convinced that the effects are positive. Bangladesh’s population increased 430 percent over the year1950-2012. Multivariate analyses of 1981 to 2014 data from the Bangladesh Economic Survey and from the International Financial Statistics yearbooks found significant and negative relationship between population growth and measures of economic advancement. These results demonstrate that rapid population growth is a real problem in Bangladesh because it contributes to lower investment growth and diminishes the savings rate. Today foreign investment and export promotion have only a small impact on Bangladesh’s economic growth. Owing to its rapid population growth, Bangladesh has among the world’s highest dependency ratios. Policy makers can address these serious economic consequences of rapid population growth by investing in family planning services. Development of independent media and liberal education in educational institutions will in time also help by encouraging a smaller family size ideal.
Khandaker Jahangir Alam,
An Empirical Analysis of Population Growth on Economic Development: The Case Study of Bangladesh, International Journal of Economics, Finance and Management Sciences.
Vol. 3, No. 3,
2015, pp. 252-259.
Afzal M. Causality between exports, world income and economic growth in Pakistan. Int Eco J 2006; 20: 63-77.
Afzal M. Estimating saving and investment functions in Pakistan. Philip Rev Eco 2004; 41: 67-78.
Ali SS, Tahir S. Dynamics of growth, poverty and inequality in Pakistan. Pak Dev Rev 1999; 38: 837-58.
Bangladesh Economic Review, Ministry of Finance, Government Republic of Bangladesh-2014.
Basak, J.K. 2009. Effects of Increasing Temperature and Population Growth on Rice Production in Bangladesh: Implications for Food Security. Published by Unnayan Onneshan-The Innovators Dhaka, Bangladesh.
Bhatti, Ali M, Haque R, Javed T, A sectoral analysis of poverty in Pakistan. Pak Dev Rev 1999; 38: 859-72.
Birdsall N, Economic approaches to population growth. In Hollis B, Chenery T.N., Srinwasan, Eds. Handbook of Development Economics, vol.1, Amsterdam: North Holland; 1988.
Brandon C. Valuing environmental costs in Pakistan. The economy-wide impact of environmental degradation 1995, Background paper for Pakistan 2010 Report. Washington D.C., World Bank, Asia Technical Department 1995.
Coale, Ansely J. Population trends and economic development, in world population and US policy: the choices ahead. J Menken Ed, New York: W.W. Norton; 1986.
Coale A, Edgar J, Hoover M. Population growth and economic development in low income countries. Princeton, New Jersey: Princeton University Press; 1958.
Crenshaw, Edward M, Ansari ZA, Christenson M. Population dynamics and economic development: age-specific population growth rates and economic growth in developing countries: 1965 to 1990. Am Soc Rev 1997; 62: 974-84.
Gujrati, D. N, (2004),” Basic Econometrics” McGraw Hill Education, 4th Ed. Pp 300-560
Dasgupta P. The Population problem: theory and evidence, J Eco Liter 1995; 33: 1879-1902.
Dreze J, Murthi M, Guio AC. Mortality, fertility, and gender bias in India: a district level Analysis. Popul Dev Rev 1995; 21: 745-82.
IMF, International Financial Statistics (various issues), Washington D.C.
Mahmood N, Ali SM, Population planning in Pakistan: issues in implementation and its impact. Pak Dev Rev 1997; 36: 875-88.
Population Reference Bureau, World Population Data Sheet, New York, 2015.
Rosen JE, Conly SR. Pakistan’s population program: the challenges ahead 1995.
Sadik N, Social Change _ the Essence of development, Pak Dev Rev 1997; 36: 315 -20.
Shahjahan Ali, Md. Rukunujjaman, Khandaker JahangirAlam. An Empirical Analysis of Foreign Direct Investment and Economic Growth in Bangladesh. International Journal of Business and Economics Research. Vol. 4, No. 1, 2015, pp. 1-10. doi: 10.11648/j.ijber.20150401.11
TACHI, M. and OKAZAKI, Y. (1969), JAPAN'S POSTWAR POPULATION AND LABOR FORCE. The Developing Economies, 7: 170–179. doi:10.1111/j.1746-1049.1969.tb00528.x
Thomas Frejka. The Future of population growth: Alternative Paths to Equilibrium A. Wiley Interscience Publication, New York U.S, 1972.
Todaro MP, Stephen CS. Economic Development. 8th ed. Singapore; Pearson Education, 2004.
World development report. World Bank. Washington D.C.: Oxford University Press; 2014.