STATISITICAL ANALYSIS ON THE IMPACT OF BIRTH AND DEATH RATE ON NIGERIA ECONOMY FROM 2000-2015
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Despite its façade, Nigeria’s economic development has been inconsistent over the years. Economic growth and development in Nigeria are unavoidable for a better and more prosperous way of life. A large number of predictors or determinants must also be studied in order to have a comprehensive understanding of the nation’s socioeconomic development. The birth and death rates are two critical factors that can influence the socioeconomic development of any country, including Nigeria. The performance of any nation’s economy is heavily reliant on these two factors. Increased or decreased birth or death rates have an impact on a country’s socioeconomic development. Countries that want to be wealthy must not make light of their situation.
or toil over the study of birth and death rates as they relate to their economy.
According to the World Bank, the birth rate in Nigeria was 41.24 in 2013. The crude birth rate is the number of live births that occur during the year per 1,000 people estimated at midyear or quarterly. When the death rate is subtracted from the birth rate, the rate of natural increase is equal to the rate of population change in the absence of migration.
The birth rate (or births/population rate) is the total number of live births per 1,000 people in a given year. A population’s birth rate can be calculated in several ways: live births resulting from a universal registration system for births, deaths, and marriages
Marriages; census population counts; and estimation using specialized demographic techniques. The birth rate is used to calculate population and economic growth, along with mortality and migration rates. The average global birth rate in 2012 was 19.15 births per 1,000 total populations, down from 20.09 births per 1,000 total populations in 2007. The global raw birth rate is 4.3 births per second (2014 EST).
The death rate is defined as the ratio of total deaths to total population in a given community or area over a given time period. The death rate is frequently expressed as the number of deaths per 1,000 people per year.
It is also a measure of the number of deaths (in general).
or as a result of a specific cause) in a specific population, scaled to the population’s size per unit of time. A mortality rate of 9.5 (out of 1,000) in a population of 1,000 would mean 9.5 deaths per year, or 0.95% of the total population. It differs from the so-called “morbidity rate” (a broad term that can refer to either the prevalence or incidence of a disease), as well as the incidence rate (the number of newly appearing cases of the disease per unit of time).
Ordinarily, we can define the birth rate as a number that indicates how many people are born each year. died in a specific location or at a specific time, or the number of deaths from a specific cause in a specific area during a specific time period.
1.2 STATEMENT OF THE PROBLEM
The inconsistency of Nigeria’s economy’s performance has prompted us to conduct this research. Nigeria’s economy may have overlooked these two critical factors in forecasting the economy in the coming years. A major issue confronting Nigeria is the lack of proper documentation of the birth and death rates, which has resulted in insufficient economic planning.
1.3 OBJECTIVES OF THE STUDY
The study’s main goal is to investigate the impact of the birth and death rates on the Nigerian economy. The specific goals are as follows:
To determine whether there is a link between Nigeria’s birth rate and its economy.
To determine whether there is a link between Nigeria’s death rate and its economy.
To forecast Nigeria’s economy using birth and death rates.
To understand the nature of the relationship that exists between the Nigerian birth rate, death rate, and economy.
1.4 RESEARCH QUESTIONS
Is there a link between Nigeria’s birth rate and its economy?
Is there a link between Nigeria’s death rate and its economy?
Can the Nigerian economy be predicted using birth and death rates?
To understand the nature of the relationship that exists between the Nigerian birth rate, death rate, and economy.
1.5 RESEARCH HYPOTHESES
H01: There is no link between Nigeria’s birth rate and its economy.
HI1: There is a link between Nigeria’s birth rate and its economy.
H02: There is no link between Nigeria’s death rate and its economy.
HI2: There is a link between Nigeria’s death rate and its economy.
H03: There is no relationship between Nigeria’s death rate, birth rate, and economy.
HI3: There is a link between Nigeria’s death rate, birth rate, and economy.
1.6 SIGNIFICANCE OF THE STUDY
The importance of this study is to educate researchers, firms, hospitals, families, and other related organizations on the importance of adequate documentation of birth and death rates as it aids in Nigeria’s effective economic planning.
1.7 SCOPE OF THE STUDY
The scope of this research is limited to the impact of birth and death rates on Nigeria’s socioeconomic development, with a focus on Braithwaite Memorial Hospital (BMH) in Port Harcourt, Rivers State.
1.8 DEFINITION OF TERMS
Birth rate: The number of births per year per 1000 people in a given area’s population.
Death rate: The number of deaths per year per 1000 people in a given area’s population.
The relationship between production, trade, and the supply of money in a specific country or region is referred to as the economy.
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