College of Economics & Management

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Browsing College of Economics & Management by Subject "2000-2020"

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    Statistical Analysis of Effect of Population on Economic Growth in Uganda (2000-2020)
    (Kampala International University, 2022-09) Siifa, Birungi
    Whereas a country may foot the path for sustainable economic growth, it must strike a balance between its population growth curve and development or else the rapid growth in population can easily frustrate its efforts geared towards the ideal development if it goes unchecked. This study was intended to examine the Effect of Population on Economic growth in Uganda from 2000 to 2020. Specifically, the objectives were to; Examine the effect of Age dependency ratio on economic growth in Uganda, to Establish the effect of total fertility rate on economic growth in Uganda, and to Assess the Effect of enrollment in primary schools on economic growth in Uganda. A longitudinal study design was used to study the effect of population increase in Uganda from 2000 to 2020 and relevant data sourced World bank Development Indicators database. In order to test whether variables were stationary or not, the Augmented Dickey Fuller test was applied. Similarly, the test for Classical Linear Regression model (CLRM), Autocorrelation and Heteroscedasticity assumptions was done. Then Ordinary Least Squares (OLS) estimation techniques using multiple linear regression model examined the effect of population on economic growth in Uganda. The study found a statistically significant negative effect of age dependency ratio on Economic growth (Beta Coefficient=-1.201591, p-value (0.029)<0.05). The model findings revealed that total fertility rate had a Statistically significant negative effect on Economic growth in Uganda. (Beta Coefficient=-6.465372, P-value (0.046) <0.05). The findings revealed that primary school enrolment did not have a significant effect on economic growth in Uganda Therefore, conclusively, that growth in age dependency ratio and increase in total fertility rate significantly reduces on the economic growth in Uganda. The study further concludes, that government and its partners need to provide economic empowerment programs to elderly people in Uganda. The government and partners are urged to improve on the programs on contraceptive uptake in the country in order to reduce on the rising total fertility rate. There should be awareness campaigns in schools, rural, and urban areas to encourage females and males to use contraceptives. Secondary school completion should be encouraged especially among girls in order to prolong age at first marriage.