Gill examined the relationship between the population growth and economic development for the economy of India. In Southeast Asia, the estimated effect of population ranges from 0.
No doubt human capital as well as physical capital can yield a stream of income over time: The followers of this view point argue based on population-poverty cycle theory. Human capital can act as a substitute of natural capital.
The rate of return to education among farmers is substantial.
Nusrat and Arif analyzed the effect of human capital on economic development for the economy of Pakistan for the time period High Fertility rate harms the health of the mothers and children, increases the health risk of pregnancy and child mortality rates.
Their study found that population distribution explains as much as 1. These farmers are also much more efficient in their techniques of production. The view opposing the population growth started with the Malthusian Theory: Many economists believe that the quality of labour inputs—the skills, knowledge and discipline of the labour force—is the single most important element in economic growth.
People who are permanently poor have less skills than the non-poor. The main objective of this paper is to examine the effect of population growth on the economic development of Pakistan.
Most labour is home-grown, although labour can sometimes be augmented through immigration. In our model, population growth, unemployment Rate and Investment are the Independent Variables. The debate on the relationship was pointed in Malthusian population trap The conclusion of the study was that Investment in the human capital increases the economic development in the Urban areas while dismal in the rural area particularly in women.
Population growth encourages competition In the business activities as population increases the potential market size increases and new entrepreneurs enter the market to set business. At point B, society consumes stocks of natural capital today and builds up stocks of human capital and improves technology through R and D i.
Meneu and Climent studied the relationship for Spanish economy between demographic economic variables for the year Often people refer to the role of luck in determining economic circumstances.
Shahzad e tal examined the relationship between economic growth for the Pakistan Economy and demographic variable for the time period New growth economists such as Paul Romer stress external economies to capital accumulation that can permanently keep the marginal product of physical or human capital above the interest rate and prevent diminishing returns from causing stagnation.
On the other strand, when human capital and physical capital are complementary the increase of population growth can be ambiguous. Improvements in literacy, health and discipline, and, most recently, the ability to use computers, add greatly to the productivity of labour.
Introduction to Human Capital: Reduction in total fertility and infant mortality rate will help economic growth to increase in the positive direction.
High population growth stimulates consumer demand, high labor supply at cheap rate and more division of labor.Population and Economic Growth: Many dynamic and active debates have been held regarding the impact of the increasing population on the economic development of the country since the existence of the Malthusian theory.
The general effect of population growth depends on the contribution of population and human capital of the economic development. Derek and Andrew () through regression analysis conclude that the impact of population growth varies between being negative, positive and insignificantly different from zero.
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Great rating and good reviews should tell you everything. Despite their ad hoc character, the essays are limited to a few broad themes: population and its relation to economic growth, capital formation in long historical perspective, the broader features of modern economic growth, and recent changes in the gap between the rich and poor countries.Download