The relationship between population and economic growth in asian economies

Wong, Hock Tsen and Fumitaka Furuoka, (2005) The relationship between population and economic growth in asian economies. ASEAN Economic Bulletin, 22 (3). pp. 314-330.

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Abstract

The main aim of the study is to investigate the relationship between population and economic growth in Asian economies. Generally, the results of the Johansen (1988) and Gregory and Hansen (1996) cointegration methods show that there is no long-run relationship between population and economic growth. Nonetheless, the study finds that there is bidirectional Granger causality between population and economic growth for Japan, Korea, and Thailand. For China, Singapore, and the Philippines, population is found to Granger cause economic growth and not vice versa. For Hong Kong and Malaysia, economic growth is found to Granger cause population and not vice versa. For Taiwan and Indonesia, there is no evidence of Granger causality between population and economic growth. On the whole, the relationship between population and economic growth is not straightforward. Population growth could be beneficial or detrimental to economic growth and economic growth could have an impact on population growth.

Item Type: Article
Uncontrolled Keywords: Population growth, long run economic growth, demographic economics, causality, economic growth models, root test, gross domestic product
Subjects: H Social Sciences > HF Commerce
Divisions: FACULTY > Faculty of Business, Economics and Accounting
Depositing User: Noraini
Date Deposited: 03 Jul 2018 04:02
Last Modified: 03 Jul 2018 04:02
URI: http://eprints.ums.edu.my/id/eprint/20359

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