Demography and economic growth from islamic perspective: Malaysia as a case study

Rahman, Salman and Masih, Mansur (2018): Demography and economic growth from islamic perspective: Malaysia as a case study.

Abstract

There have been various theoretical and empirical studies which analyze the relationship between demography and economic growth using different methodologies, which led to different results, interpretations and continuous debates. Demography as a statistical study of human population, has a significant impact on economic growth given certain area and period of time. This paper aims to include some of Islamic theory of demography and socio economics especially regarding family planning issue, along with other commonly used theories and bring them into the investigation of the long- and short- run relationship among demographic and socioeconomic variables in developing countries. Malaysia is used as a case study. This study, therefore, attempts to unravel the causality direction of demography and economic growth. Based on standard time series analysis technique, our findings tend to indicate the importance of female enrollment in education in finding a balance in demographic-growth nexus. The finding is important for the policymakers to choose the most suitable framework to model how the changes in demography are related to health and fertility, education and labor employment.

• Item Type: MPRA Paper
• Language: English
• Keywords: Islamic perspective of demography-growth nexus, VECM, VDC, Malaysia
• Subjects: C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C58 - Financial Econometrics; J - Labor and Demographic Economics > J1 - Demographic Economics

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