Evaluating the Nonlinear Population-Economic Growth Nexus in MENA Countries
Evaluating the Nonlinear Population-Economic Growth Nexus in MENA Countries
Author(s): Ismail Mohamed BENGANA, Bosede Ngozi Adeleye, Abdelaziz Abdelkhader BOUKHELKHAL, Victoria ISIOMA OKAFOR, Abdulah Alnefai HAMOUD, Eltahir Ibrahim Elnour SalimSubject(s): Economic development, Financial Markets, Public Finances, Socio-Economic Research
Published by: Transnational Press London
Keywords: Economic Growth; Population Growth; MENA; Nonlinear;
Summary/Abstract: The relation between population growth and economic growth is a complex one, and the historical quantitative evidence is ambiguous. This study contributes to the population-economic growth literature by interrogating whether the relationship is monotonic or if a turning point exists. Using panel data on a sample of 19 MENA countries from 1965 to 2018 and deploying the PSCE and FGLS techniques, the results reveal inter alia: (1) a U-shaped relation exists; (2) unemployment and financial development are negative predictors of economic growth; and (3) trade and inflation rate are positive predictors. Policy recommendations are discussed.
Journal: Journal of Ecohumanism
- Issue Year: 3/2024
- Issue No: 7
- Page Range: 372-385
- Page Count: 14
- Language: English
