Study: “An Analysis of Population Dynamics, Human Capital Accumulation and Economic Growth in Nigeria (1980-2010)”
PI: Olabiyi, Kehinde Ajike
Affiliation: Ibafemi Awolowo University in Nigeria
Funding Partner: IIE
Data Source(s): Secondary
Method(s): Vector Auto Regressive econometrics
Geographic Location: Nigeria
The study investigates the effects of population dynamics on the economic growth in Nigeria for the period of 1980 to 2010 by specifically determining the effects of fertility and infant mortality rates on economic growth. The study uses annual secondary time series data on infant mortality rate, fertility rate, and openness from World Development Indicators; government expenditure, saving and real Gross Domestic Product from Central Bank of Nigeria Statistical Bulletins; and primary school enrolment from various issues of the Annual Abstract of Statistics by National Bureau of Statistics. Using Vector Auto Regressive econometric techniques, the study finds that a decrease in fertility rate increased economic growth rate gradually from 3.3% to 7.9% for horizon of 12 years during the period of the study. Also, an increase in infant mortality rate increased economic growth rate from 0.6% to 15.9 % for horizon of 12 years.
Olabiyi, Kehinde Ajike. (2014). The Effects of Population Dynamics on Economic Growth in Nigeria. Research journali’s Journal of Economics, 2 (1).