IMPACT OF POPULATION GROWTH ON THE NIGERIA ECONOMY (1980 -2012)

ABSTRACT

It is said that the population of any country constitute the most vital component of is resource base, as time potentials for development. Population growth can be positive or gainful to any economy if managed well. For instance China is noted to be most populous country in the world but its population has been managed very well and it has helped boost their economy by increasing the level of productivity and providing cheap labour, thus having a positive impact on the economy and making them one of the best economies of the world. But if the population of any country is not well managed it will result to increase in unemployment level, crime rate, poverty and will bring sufferings to many homes. Methodologically, economic, statistical and econometric methods were used and it was observed the unemployment rate have a negative relationship with economic growth. Recommendation made include instituting Family Planning Programmes.Finally, this work help us to understand that population growth is a two track incident in the sense that it can be advantageous or disadvantageous.

TABLE OF CONTENT

Title page ii

Approval page iii

Dedication iv

Acknowledgement iv

Abstract v

Tables of contents vi

CHAPTER ONE INTRODUCTION

1.1 Background of the study1

1.2 Statement of problem 6

1.3 Objectives of the study 7

1.4 Statement of hypothesis 7

1.5 Significant of study 8

1.6 Scope and the study 9

1.7 Limitation of the study9

CHAPTER TWO: LITERATURE REVIEW

2.1 Theoretical Literature 10

2.1.1 Theories of the population growth12

2.1.2 The Malthusian Theory 12

2.1.3 The Marxist Theory 16

2.1.4 The Liberal Theory 17

2.2 .5 Factors Affecting Population Growth 18

2.2 Empirical Literature 24

2.2.1 Adverse Effects Of Population Growth On Economic

Growth 35

2.2.2 An Overview of Theory Of Economic Growth 38

CHAPTER THREE: METHODOLOGY AND DATA PRESENTATION

3.1 Research Methodology 42

3.2 Model Specification 42

3.2.1 Mathematical Function 42

3.3 Economic Procedure 43

3.3.1 Economic criteria 43

3.3.2 Statistical criteria 44

3.3.3 Econometric criteria 45

CHAPTER FOUR: PRESENTATION AND ANALYSIS OF RESULTS

4.1 Presentation of Result 49

4.2 Interpretation of Result 50

4.2.1 Evaluation Based on Statistical Criteria 52

4.2.2 Evaluation Based On Econometric Criteria 55

CHAPTER FIVE: SUMMARY, CONCLUSION AND POLICY RECOMMENDATION

5.1 Summary 58

5.2 Conclusion 60

5.3 policy recommendation 61

Bibliography 63