The Relationship between Population Growth and Standard-of-Living Growth Over 1870-2013: Evidence from a Bootstrapped Panel Granger Causality Test

Medientyp: E-Book

Titel: The Relationship between Population Growth and Standard-of-Living Growth Over 1870-2013 : Evidence from a Bootstrapped Panel Granger Causality Test

Beteiligte: Chang, Tsangyao [VerfasserIn]; Chu, Hsiao-Ping [Sonstige Person, Familie und Körperschaft]; Deale, Frederick [Sonstige Person, Familie und Körperschaft]; Gupta, Rangan [Sonstige Person, Familie und Körperschaft]; Miller, Stephen M. [Sonstige Person, Familie und Körperschaft]

Erschienen: [S.l.]: SSRN, [2017]

Umfang: 1 Online-Ressource (38 p)

Sprache: Englisch

Entstehung:

Anmerkungen: In: Emprica, Journal of Applied Economics and Economic Policy, February 2017
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 22, 2016 erstellt

Beschreibung: This paper examines the linkages between population growth and standard-of-living growth in 21 countries over the period of 1870-2013. We apply the bootstrap panel causality test proposed by Kónya (2006), which accounts for both dependency and heterogeneity across countries. We find one-way Granger causality running from population growth to standard-of-living growth for Finland, France, Portugal, and Sweden, one-way Granger causality running from standard-of-living growth to population growth for Canada, Germany, Japan, Norway and Switzerland, two-way causality for Austria and Italy, and no causal relationship for Belgium, Brazil, Denmark, Netherlands, New Zealand, Spain, Sri Lanka, the UK, the USA, and Uruguay. Dividing the sample into two subsamples due to a structural break yields different results over the two periods of 1871-1951 and 1952-2013. Our empirical results suggest important policy implications for these 21 countries as the directions of causality differ across countries and time period

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