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Demorgraphic Transition Variables and Economic Outcomes in Nigeria

Author

Listed:
  • Onyinye Ifeoma Ochuba

    (University of Africa, Toru orua, Bayelsa State, Nigeria)

  • Sigah Donny Marclary Ayibazuomuno

    (University of Africa, Toru orua, Bayelsa State, Nigeria)

Abstract

The study examined the theory of demographic transition in the context of the Nigerian economy. This follows findings from literature that population in its entity does not translate to economic growth, rather specific demographic partitions. Using such demographic transition theory variables as Birth Rate, Death Rate, Female Primary School Enrollment (proxy for education) and Mobile Cellular Subscription (proxy for technology) as explanatory variables and Gross Domestic Product (proxy for economic growth) as dependent variable, the study adopted the econometric tools of ADF unit root test, Johansen Cointegration test and Parsimonious ECM to treat data from World Bank indicators and Central Bank of Nigeria statistical bulletin for a period of 30 years (1990 – 2019). The data output confirms a positive but insignificant relationship between birth rate and economic growth. Technology has a positive and significant relationship with economic growth while education and death rate have negative relationship with economic growth. The study suggests amongst other things adoption and deliberate investment in technological advancement in Nigeria, complete overhaul of the primary school system in country as this is the bedrock of education world over. Also, adequate investment should be made in the health sector to improve the current health outcomes which have resulted in very high death rate.

Suggested Citation

  • Onyinye Ifeoma Ochuba & Sigah Donny Marclary Ayibazuomuno, 2023. "Demorgraphic Transition Variables and Economic Outcomes in Nigeria," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 10(2), pages 10-18, February.
    • Handle: RePEc:bjc:journl:v:10:y:2023:i:2:p:10-18
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    References listed on IDEAS

    as
    1. Chete, L. N. & Adeoti, J. O. & Adeyinka, F. M. & Ogundele, O., 2014. "Industrial development and growth in Nigeria: Lessons and challenges," WIDER Working Paper Series 019, World Institute for Development Economic Research (UNU-WIDER).
    2. Quamrul H. Ashraf & David N. Weil & Joshua Wilde, 2013. "The Effect of Fertility Reduction on Economic Growth," Population and Development Review, The Population Council, Inc., vol. 39(1), pages 97-130, March.
    3. Kessington Okundaye & Susan K. Fan & Rocky J. Dwyer, 2019. "Impact of information and communication technology in Nigerian small-to medium-sized enterprises," Journal of Economics, Finance and Administrative Science, Emerald Group Publishing Limited, vol. 24(47), pages 29-46, January.
    4. E. Wesley F. Peterson, 2017. "The Role of Population in Economic Growth," SAGE Open, , vol. 7(4), pages 21582440177, October.
    5. Okundaye, Kessington & Fan, Susan & Dwyer, Rocky, 2019. "Impact of information and communication technology in Nigerian small-to medium-sized enterprises," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 24(47), pages 29-46.
    6. Louis N. Chete & John Olatunji Adeoti & Foluso M. Adeyinka & Olorunfemi O. Ogundele, 2014. "Industrial Development and Growth in Nigeria: Lessons and Challenges," WIDER Working Paper Series wp-2014-019, World Institute for Development Economic Research (UNU-WIDER).
    7. Quamrul H. Ashraf & David N. Weil & Joshua Wilde, 2011. "The Effect of Interventions to Reduce Fertility on Economic Growth," NBER Working Papers 17377, National Bureau of Economic Research, Inc.
    8. Olorunfemi Yasiru Alimi & Akinola Christopher Fagbohun & Mohammed Abubakar, 2021. "Is population an asset or a liability to Nigeria’s economic growth? Evidence from FM-OLS and ARDL approach to cointegration," Future Business Journal, Springer, vol. 7(1), pages 1-12, December.
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