Journal of Global Economics

Empirical Analysis on Annual Population Growth: An Econometric Approach

Abstract

Nazgol Makki

The current research examines the impact of annual population growth on economic growth. It is critically important to know the impact of population growth for an informed economic planning. We attempt to explain annual population growth rates across various nations, to illustrate the problem of the different variables that either positively or negatively affect population growth rates. We approach this problem by utilizing the analytical model of linear multiple regression. Our important variables include population growth rate, total fertility rate, infant mortality rate, and life expectancy. Our results indicate that annual population growth rate positively affects economic growth rate. We conclude that nations with increased annual population growth will have an increase in workforce productivity, thus more likely to have a higher economic growth rate in the future.