Changing Demographics and Economic Growth: A Case Study of Pakistan
DOI:
https://doi.org/10.56536/ijmres.v6i1.25Keywords:
Pakistan, Demographic trends, Human capital formation, Economic growthAbstract
The objective of this study is to determine the relationship between various demographic variables and economic growth of Pakistan for the period of 1980-2012. Time series econometric technique has been used for the analysis. Johansen’s co-integration test showed presence of long run relationship between different demographic variables. After establishing the presence of error correction term in the model, variance decomposition test has been used to identify the individual shocks between the variables. The study concludes that the demographic transition has very important role in the economic growth of Pakistan.
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Copyright (c) 2016 The authors, under a Creative Commons Attribution-Non-Commercial 4.0
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.