Population Growth Induced and Households Financial Vulnerability in Nigeria

Abstract

Nigeria has been recording a rapid increase in its population over the years. This reality has posed a serious concern for the welfare of households especially as the increase in population growth puts households at the risk of financial vulnerability. Based on this, this study is on the move to examined the impact population growth induced has on household in Nigeria. The study made use of secondary data obtained from World Bank and the Central Bank statistical bulletine spanning from 1981 to 2020 to analyze the impact of population growth induced and its financial vulnerability on household using a structural vector autoregressive model (SVAR). After the analysis, the study found out that in the long run, an increase in financial vulnerability, due to an increase in population growth decreases household welfare in Nigeria. Hence, this study recommends that the Nigerian legislature should formulate a law against rapid population growth induced to ensure that the increase in population does not outscore the means of subsistence.
 
 JEL: H10; H31
 
 <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0789/a.php" alt="Hit counter" /></p>

Productivity Factors and the Growth of the Manufacturing Sector among the East African Community Members States: Testing the Adequacy of the Endogenous Growth Hypothesis

“…Previous studies have reported a reciprocal relationship between financial deepening and growth in the manufacturing sector. This is exemplified by the research conducted by Mbah and Okoli (2020).…”

“…Manufacturing's contribution to national economies has been extensively documented (Kayodeo, Ibenta, & Owoputi, 2020;Mbah & Okoli, 2020), and this fact is generally accepted. According to Aiginger and Rodrik's (2020) research, there is widespread agreement that the manufacturing sector is essential to national economic progress.…”

“…The manufacturing industry is vital to the economy because it adds value to products and inputs from other industries. Mbah and Okoli (2020) argue that this may lead to the creation of both forward and backward links, which in turn can hasten economic expansion. The manufacturing sector is widely acknowledged as a major contributor to economic growth across all countries, as stated by the African Development Bank (2021).…”