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
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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
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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.
Population Growth, Economic Development, Environment, Poverty, Bangladesh
To cite this article
Shahjahan Ali, Khandaker Jahangir Alam, Shafiul Islam, Morshed Hossain, 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. doi: 10.11648/j.ijefm.20150303.21
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