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Evaluating the Nonlinear Population-economic Growth Nexus in MENA Countries |
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PP: 17-29 |
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doi:10.18576/wefe/040102
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Author(s) |
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Ismail BENGANA,
Bosede Ngozi ADELEYE,
Abdelaziz BOUKHELKHAL,
Victoria OKAFOR,
ABDULAH HAMOUD Alnefaie,
Eltahir Ibrahim Elnour Salim,
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Abstract |
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| 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. |
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