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Can population growth contribute to economic development? New evidence from Singapore

Author

Listed:
  • Fumitaka Furuoka

    (Universiti Malaysia Sabah)

  • Qaiser Munir

    (Universiti Malaysia Sabah)

Abstract

This paper chose Singapore as a case study to investigate whether population growth can contribute to economic development. It employed four different single-equation tests for cointegration, namely, 1) ordinary least squares, 2) fully modified ordinary least squares, 3) canonical cointegration regression, and 4) dynamic ordinary least squares. The empirical findings indicated a mutually reinforcing bilateral causality between population and economic development in the island-state. This highlights a dynamic nature of the population-development relationship in the country. In other words, Singapore's population growth did contribute to the nation's economic development, which in return stimulated population expansion in the country.

Suggested Citation

  • Fumitaka Furuoka & Qaiser Munir, 2011. "Can population growth contribute to economic development? New evidence from Singapore," Economics Bulletin, AccessEcon, vol. 31(4), pages 3226-3239.
    • Handle: RePEc:ebl:ecbull:eb-10-00706
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Furuoka, Fumitaka, 2014. "Population and economic development in Sarawak, Malaysia," MPRA Paper 60636, University Library of Munich, Germany.
    2. ADESETE Ahmed Adefemi, 2018. "Economics of Nigeria and West Africa Population Growth: Panel ARDL Approach for West Africa," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 6(3), pages 327-355, September.
    3. Al Mamun, Md. & Sohag, Kazi & Hannan Mia, Md. Abdul & Salah Uddin, Gazi & Ozturk, Ilhan, 2014. "Regional differences in the dynamic linkage between CO2 emissions, sectoral output and economic growth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 1-11.
    4. Razafimandimby Andrianjaka, Riana & Rougier, Eric, 2019. "“What difference does it make (to be in the Middle Income Trap)?”: An empirical exploration of the drivers of growth slowdowns," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 225-236.
    5. Pekarčíková, Kateřina & Vaněk, Michal & Sousedíková, Radmila, 2022. "Determinants of economic growth: Panel data analysis of OPEC," Resources Policy, Elsevier, vol. 79(C).
    6. Jorge Garza-Rodriguez & Cecilia I. Andrade-Velasco & Karen D. Martinez-Silva & Francisco D. Renteria-Rodriguez & Pedro A. Vallejo-Castillo, 2016. "The relationship between population growth and economic growth in Mexico," Economics Bulletin, AccessEcon, vol. 36(1), pages 97-107.
    7. Riana Razafimandimby Andrianjaka & Eric Rougier, 2017. "What difference does it make? Revue de littérature et analyse empirique des déterminants de la Trappe à Revenu Intermédiaire," Cahiers du GREThA (2007-2019) 2017-16, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).

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    More about this item

    Keywords

    Population; Development; Singapore;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • J1 - Labor and Demographic Economics - - Demographic Economics

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