Population Growth and Economic Growth: Long-Run Evidence from Latin America.
Southern Economic Journal › Vol. 68 Nbr. 2, October 2001
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Population Growth and Economic Growth: Long-Run Evidence from Latin America.
Unit root tests, the Johansen maximal likelihood methodology, and Granger causality tests in the context of a one-step error correction model are used to examine the long-run relation between population and per capita GDP in seven Latin American countries over most of the 20th century. The results suggest that no long-run relation has existed and, hence, population growth neither causes per capita GDP growth nor is caused by it.
1. Introduction Population growth may affect economic performance if it affects the supply and demand for savings and the efficiency of capital (McNicoll 1984; Hammer 1986, 1987; Kelley 1988). The supply of household savings (usually the largest comp...See the full content of this document
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