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The Rape of The Lock

This regression analysis examines the relationship between population growth, fertility rates, and GDP per capita growth in Australia from 1999 to 2022. The results indicate that an increase in fertility positively affects population growth, while an increase in GDP per capita negatively impacts it. The model explains approximately 47% of the variance in population growth, providing insights for policymakers to enhance economic performance.

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4 views6 pages

The Rape of The Lock

This regression analysis examines the relationship between population growth, fertility rates, and GDP per capita growth in Australia from 1999 to 2022. The results indicate that an increase in fertility positively affects population growth, while an increase in GDP per capita negatively impacts it. The model explains approximately 47% of the variance in population growth, providing insights for policymakers to enhance economic performance.

Uploaded by

suptikarim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Regression Analysis on Population Function

(Australia)

Submitted by
Name: Shahed Anwar Name: Syed Sadat Kaiser
ID: 221000704 ID: 221

Course Title: Introduction to Econometrics


Course Code: ECO 307
Dept. of Economics
Submission Date: 13 January, 2025

Submitted to
Name: Dr. M.A Hossain
Course Instructor
Introduction

In this regression analysis, we will focus on the population growth


in Australia, examining its relationship with fertility rate total birth
per woman and GDP per capita growth. Specifically, we aim to
understand how population (%), GDP per capita growth (%), and
fertility (%) interrelate. In this analysis, we will identify whether
fluctuations in population growth have any relationship or impact
on GDP per capita growth and fertility rates.

In this analysis, the annual percentage of the population growth rate is the
dependent variable, represented by Y, while GDP per capita growth (annual
%) and fertility rate total birth per woman (annual %) are the independent
variables, represented by β1 and β2, respectively.

Model:
Y= α + β1 (fertility) + β2 (GDP per capita) + v
= -2.058008 + 2.015696 (fertility) -.1189971 (GDP per capita)

Here is the data that has been collected from the World Bank
data for Australia from 1999 to 2022.
World Bank: https://databank.worldbank.org/source/world-
development-indicators

Regression Result

Interpretation of the Results

The intercept (α) is -2.058008. The constant value of -2.058008


suggests the baseline level of Y when both fertility and GDP per
capita are zero.

Fertility rate coefficient (β1) 2.015696; the positive value of


2.015696 indicates that a 1-unit increase in fertility is associated
with an increase of units in Y, holding GDP per capita constant.

The GDP per capita coefficient (β2) -.1189971; the negative value
of -.1189971 implies that a 1-unit increase in GDP per capita
leads to a decrease of .1189971 units in Y, holding fertility
constant.
This analysis has a positive and negative impact on the inflation
by the GDP and the unemployment sector.

t-value: A high absolute t value (>2) indicates that the data are
significantly different from zero. Here the analysis shows that the
t value is 1.005086 and it is not bigger than 2 now we can use
this to determine the statistical significance by applying it to the
p-value.

P value: A high P value (> 0.05) proves the insignificance of the


coefficient and here the p-value is 0.053 and it is slightly bigger
than 0.05 which proves that the data for GDP growth and
unemployment are statistically significant.

R square: In this case, R-squared is 0.4719, indicating that


approximately 47.19% of the variance in inflation can be
explained by fertility rates and GDP per capita growth rates.

Here is the scattered diagram of the datas:


Conclusion:

The coefficients of the regression results show that fertility is


positive for the dependent variable, hence 2.015696, while GDP
per capita is negative hence -.1189971. These effects
preciously emphasize the significance of increasing fertility and
GDP per capita to enhance economic growth in enhancing
general economic performance. This model explains 47% of the
variation in population affecting other variables in Australia. This
information will help policymakers develop strategies for growth,
alongside creating proper medical assistance and a healthy
environment for people hence making the economy stronger and
more stable in the future.
References

The World Bank. (2024). World Development Indicators | DataBank. Worldbank.org;

The World Bank. https://databank.worldbank.org/source/world-development-

indicators#

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