Population Dynamics and Economic Growth; Empirical Evidence from SAARC Countries

Abstract

The prime objective of this paper is look into how population dynamics influence on SAARC countries economic growth. This paper utilizes panel data of five permanent members of SAARC from 1990-2019. In order to estimate the data, the present study used Panel Unit Root Tests, PMG/ panel ARDL techniques, Kao Residual co-integration test, and Dumitrescu-Hurlin causality tests. Empirical outcomes of PMG/ARDL co-integration test analysis found that the population growth, urban population growth, and rural population growth have a negative but statistically significant impact on GDP per-capita growth in long-run. Furthermore, this study also found one-way casualty running from population and rural population to GDPPC while no causal linkage exists among urban population growth and GDP per-capita.