Abstract
Sustainable and equitable welfare through urbanization of society t o achieve human centric economic progress is inevitable in developing countries around the world. this research paper addresses issue of urbanization on developing countries growth and prosperity. There are certain factors that affect the economic growth of a country or a region. this research is an effort to understand the impact of the people shifting from the rural areas to the urban center of the developing countries and its effect on the economic growth of that country. This phenomenon is a common throughout the world especially in countries where the economies are in developing stages. more and more people are shifting to urban centres which results in increase in economic activities of the country as well as creating issues of management and governance. Various factors are used in this study to cover economic growth of the developing countries like income per capital investment share of GDP, government consumption share of GDP, average fertility rates. Data of these variables are taken from 1991 to 2017 from Worls Bank for 150 countries. In this research we use panel regression.
Athar Iqbal, Samina Riaz, Muhammad Irfan Khan. (2018) Impact of Urbanization on Economic Growth of Developing Countries, Journal of Managerial Sciences, Volume 12, Issue 4.
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