THE EFFECT OF POPULATION, LABOR FORCE ON ECONOMIC GROWTH IN OIC COUNTRIES

Fitri Utami, Fani Monada Essa Putri, Muhammad Ghafur Wibowo, Budi Azwar

Abstract


The population has an important role in accelerating or slowing down the economic growth of a country. This study aims to examine the effect of the male and female population and labor force on economic growth. The objects of this study were 5 OIC countries in the period 2010-2019. The method used in this research is panel data regression analysis. Researchers found that population size has a significant negative impact on economic growth. Meanwhile, the number of the labor force has a significant positive effect on increasing economic growth. However, the male labor force has a significant negative effect and the female workforce has a significant positive effect in increasing economic growth in 5 OIC (Indonesia, Pakistan, Egypt, Nigeria, and Bangladesh) during the 2010-2019 period.


Keywords


Population; Labor Force; Labor Force Male; Labor Force Female; GDP

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DOI: https://doi.org/10.31002/rep.v6i2.3730

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