Population Growth Determinant
Introduction
Population growth is the key determinant in any given economy. With the level of the population a lot can be said regarding the development of a country. The factors have very strong relationships between themselves. The best-known hypothesis connecting population growth and development is Malthusian hypothesis (Malthus 1798). The popular dictum that the agricultural efficiency develops numerically, while population increases geometrically is well known to most social researchers. This basic condition has persuaded numerous understudies of economic development, demographers, and policy experts that quick population development impedes economic advancement by fixing work damage markets, reproducing underemployment, and frustrating
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Trade openness has recently been considered as an important determinant of economic growth. It has been witnessed during the past couple of decades that international trade openness has played a significant role in the growth process of both developed and developing countries. International organizations such as World trade organization,
International Monetary Fund and World Bank are constantly advising, especially developing countries, to speed up the process of trade liberalization to achieve high economic growth. High economic growth is the ultimate goal of all economic activities because it improves the standard of life of people which is
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For example, influential studies conducted by Dollar (1992), Sach and Warner (1995), Edwards (1998) Frankel and Romer (1999) and Ezeani (2013) have provided concrete evidence regarding the positive relationship between trade openness and economic growth. Rodriguez and Rodrik (2000), however, have reservations on the
Methodologies applied and the way trade openness is measured in the mentioned studies. Again, Rodriguez (2007) has critically evaluated recent studies carried out by Dollar and Kraay (2002), Warner (2003) and Wacziarg and Welch (2003) and has concluded that standard measures of trade policy are not associated with economic growth. In a recent paper, Abbas (2014) empirically found that trade openness deteriorates economic growth. The author demonstrated that one unit increase in trade liberalization will decrease economic growth by _US$280.86 million for developing
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