Abstract
Growing population is one of the major component of economic growth. The existing theoretical and empirical literature have found both positive and negative impact of population on economic growth. This paper inspects the impact of population on economic growth of Pakistan for the time period of 1961 to 2020. Data on dependent and independent variables were taken from world development indicator. Moreover, the study used (ARDL) to analyze the data. Findings of this study indicates that Population and Crude death rate have positive effect on economic growth in the short and long run. While, Fertility has a negative effect on economic growth in both short and long run. Finally, the result of this study are unbiased as evidenced by different diagnostic test used
Highlights
In early periods of human history, the population growth was 0.002% per year till the 17th century which was very low
The coefficient are indicating that one unit increase in population growth will increase economic growth by 14.77 units in the long run in Pakistan
The study used crude death rate and fertility rate as control variable and revealed that crude death rate has positively related with economic growth and fertility rate has adverse effect on economic growth of Pakistan
Summary
In early periods of human history, the population growth was 0.002% per year till the 17th century which was very low. Pakistan, being the 5th most populous country and has 2nd largest Muslim population with total population of 207,774,520 with mean annual growth of 2.40 from 1998 to 2017. Based on this projection the population of Pakistan is expected to reach 300.02 million in 2040. Economists like Malthus and Ricardo alarmed regarding link between population growth and population growth They had proven wrong as the rapid population growth resulted in industrialization in Western Europe and increased in economic activity (Cremaschi & Dascal, 1998). The human population is increasing at a rate of roughly 83 million people per year.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
