Addressing Demographic Challenges: Strategies for Sustainable Economic Growth in Pakistan

Abstract

The study investigated the relationship between population growth and economic growth in Pakistan, recognizing the significant challenges posed by population increases in many countries worldwide. The research employed various statistical techniques, including the Augmented Dickey-Fuller (ADF) unit root test, cointegration analysis, and Auto-regressive Distributed Lag (ARDL) models. The study considered economic growth as the dependent variable, while independent variables included population growth, investment levels, fertility rates, employment rates, and education expenditure. Through rigorous analysis, the research aimed to uncover the impact of population growth on economic indicators. Findings from the study revealed a negative correlation between population growth and economic growth in Pakistan. The burgeoning population was identified as a significant contributor to various socioeconomic challenges, including unemployment and strain on resources. In light of these results, the study recommended implementing awareness programs focused on population control to mitigate the adverse effects of population growth. Additionally, the Government of Pakistan was urged to take decisive actions to address the issue of overpopulation and safeguard the country's economic trajectory. By raising awareness and implementing targeted policies aimed at population control, Pakistan can work towards maintaining sustainable economic growth and improving the overall well-being of its citizens in the face of demographic challenges.