Factors Influencing the Size of Non-Profit Sector: An Empirical Study

This study aims to empirically examine the relationship between non-profit sector size and population heterogeneity from a multinational perspective. Panel pooled, fixed effects, random effects, generalised method of moments, fully modified ordinary least squares (FMOLS), and dynamic ordinary least squares (DOLS) methods were used to evaluate the economic and social factors affecting the size of non-profit sector organisations in 20 OECD countries between 1995 and 2019. As a result of the study, it was found that an increase in GDP per capita income and urban population growth rate positively affected the size of the non-profit sector, while the age dependency ratio did not affect the size of the non-profit sector.