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The Economic Consequences of Population Growth in Malawi

There is a vast amount of theoretical and empirical literature attempting to establish the impact of population growth on economic growth. Despite the immense amount of research on the topic, there is still no consensus. Malawi presents an interesting case to investigate this issue as it is a small,...

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Main Author: Mulipa, Anita
Other Authors: Nikolaidou, Efi
Format: Thesis
Language:English
Published: School of Economics 2024
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access_status_str Open Access
author Mulipa, Anita
author2 Nikolaidou, Efi
author_browse Mulipa, Anita
Nikolaidou, Efi
author_facet Nikolaidou, Efi
Mulipa, Anita
author_sort Mulipa, Anita
collection Thesis
description There is a vast amount of theoretical and empirical literature attempting to establish the impact of population growth on economic growth. Despite the immense amount of research on the topic, there is still no consensus. Malawi presents an interesting case to investigate this issue as it is a small, low-income economy that is experiencing significant population growth. Furthermore, there is no previous economic analysis on the economic impact of population growth in Malawi. This paper, using the ARDL approach to cointegration with World Bank and International Monetary Fund data over the period 1960 to 2021 explores whether the increasing population is beneficial or detrimental to Malawi's economic development. The impacts of investment and total factor productivity on output are also assessed. The results show that increases in population are associated with decreases in GDP per capita in the short run. However, no statistically significant relationship between population and GDP per capita was established in the long run. Furthermore, results indicate that increases in investment are growth endorsing in the short run, while increases in total factor productivity promote growth in both the long run and short run.
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provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2024
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spelling oai:open.uct.ac.za:11427/39701 The Economic Consequences of Population Growth in Malawi Mulipa, Anita Nikolaidou, Efi Economics There is a vast amount of theoretical and empirical literature attempting to establish the impact of population growth on economic growth. Despite the immense amount of research on the topic, there is still no consensus. Malawi presents an interesting case to investigate this issue as it is a small, low-income economy that is experiencing significant population growth. Furthermore, there is no previous economic analysis on the economic impact of population growth in Malawi. This paper, using the ARDL approach to cointegration with World Bank and International Monetary Fund data over the period 1960 to 2021 explores whether the increasing population is beneficial or detrimental to Malawi's economic development. The impacts of investment and total factor productivity on output are also assessed. The results show that increases in population are associated with decreases in GDP per capita in the short run. However, no statistically significant relationship between population and GDP per capita was established in the long run. Furthermore, results indicate that increases in investment are growth endorsing in the short run, while increases in total factor productivity promote growth in both the long run and short run. 2024-05-27T08:30:17Z 2024-05-27T08:30:17Z 2023 2024-05-22T09:04:10Z Thesis / Dissertation Masters MCom http://hdl.handle.net/11427/39701 eng application/pdf School of Economics Faculty of Commerce
spellingShingle Economics
Mulipa, Anita
The Economic Consequences of Population Growth in Malawi
thesis_degree_str Master's
title The Economic Consequences of Population Growth in Malawi
title_full The Economic Consequences of Population Growth in Malawi
title_fullStr The Economic Consequences of Population Growth in Malawi
title_full_unstemmed The Economic Consequences of Population Growth in Malawi
title_short The Economic Consequences of Population Growth in Malawi
title_sort economic consequences of population growth in malawi
topic Economics
url http://hdl.handle.net/11427/39701
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