Effects of demographic growth on economic growth in Mozambique (2011-2020)
Keywords:
demographic growth, economic growth, ordinal least squaresAbstract
This study analyses the effects of demographic growth on economic growth in Mozambique from 2011 to 2020. The ordinal least squares method was used to estimate the results, in order to understand the relationship between GDP and demographic variables such as population growth rate, mortality rate, fertility rate, rural population, consumer price index (CPI) and unemployment rate. The results show that population growth has a positive effect on economic growth in Mozambique, the constant explains that keeping all independent variables fixed, GDP will fall by -22.58929%, but a negative correlation was found between GDP and CPI, the model has a high degree of fit such that R2= 0.9862 indicating that the independent variables have an impact on the dependent variable.
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References
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