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An Empirical Analysis of Population Growth on Economic Development: The Case Study of Bangladesh

Received: 29 April 2015     Accepted: 11 May 2015     Published: 21 May 2015
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Abstract

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.

Published in International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 3)
DOI 10.11648/j.ijefm.20150303.21
Page(s) 252-259
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Population Growth, Economic Development, Environment, Poverty, Bangladesh

References
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  • APA Style

    Shahjahan Ali, Khandaker Jahangir Alam, Shafiul Islam, Morshed Hossain. (2015). An Empirical Analysis of Population Growth on Economic Development: The Case Study of Bangladesh. International Journal of Economics, Finance and Management Sciences, 3(3), 252-259. https://doi.org/10.11648/j.ijefm.20150303.21

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    ACS Style

    Shahjahan Ali; Khandaker Jahangir Alam; Shafiul Islam; Morshed Hossain. An Empirical Analysis of Population Growth on Economic Development: The Case Study of Bangladesh. Int. J. Econ. Finance Manag. Sci. 2015, 3(3), 252-259. doi: 10.11648/j.ijefm.20150303.21

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    AMA Style

    Shahjahan Ali, Khandaker Jahangir Alam, Shafiul Islam, Morshed Hossain. An Empirical Analysis of Population Growth on Economic Development: The Case Study of Bangladesh. Int J Econ Finance Manag Sci. 2015;3(3):252-259. doi: 10.11648/j.ijefm.20150303.21

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  • @article{10.11648/j.ijefm.20150303.21,
      author = {Shahjahan Ali and Khandaker Jahangir Alam and Shafiul Islam and Morshed Hossain},
      title = {An Empirical Analysis of Population Growth on Economic Development: The Case Study of Bangladesh},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {3},
      number = {3},
      pages = {252-259},
      doi = {10.11648/j.ijefm.20150303.21},
      url = {https://doi.org/10.11648/j.ijefm.20150303.21},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20150303.21},
      abstract = {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.},
     year = {2015}
    }
    

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    AU  - Shahjahan Ali
    AU  - Khandaker Jahangir Alam
    AU  - Shafiul Islam
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    T2  - International Journal of Economics, Finance and Management Sciences
    JF  - International Journal of Economics, Finance and Management Sciences
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    PB  - Science Publishing Group
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    UR  - https://doi.org/10.11648/j.ijefm.20150303.21
    AB  - 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.
    VL  - 3
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Author Information
  • Department of Economics, Begum Rokeya University, Rangpur, Bangladesh

  • Department of Economics, Begum Rokeya University, Rangpur, Bangladesh

  • Department of Economics, Begum Rokeya University, Rangpur, Bangladesh

  • Department of Economics, Begum Rokeya University, Rangpur, Bangladesh

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