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Spatial Persistence of Demographic Shocks and Economic Growth

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Author Info

  • Théophile Azomahou

    (Bureau d’Economie Théorique et Appliquée (BETA-Theme), Université Louis Pasteur, Strasbourg.)

  • Claude Diebolt

    (Bureau d’Economie Théorique et Appliquée (BETA-Theme), Université Louis Pasteur, Strasbourg.)

  • Tapas Mishra

    ()
    (Bureau d’Economie Théorique et Appliquée (BETA-Theme), Université Louis Pasteur, Strasbourg.)

Abstract

This paper studies how the spatial effects of demographic system affects economic growth of different countries. Population growth shocks (whether in aggregate or in disaggregate form) in general have spatial movement that is deemed to contribute to economic growth fluctuations depending upon their convergence properties to the long-run level. By constructing a ‘demographic distance’ function based on both average age-shares and their stochastic time series characteristics, we show that persistence of spatial demographic system has had discernible effects on economic growth of Asia, Europe, Africa, and Latin America and Offshore countries in the last four decades. While the temporal study of demographic system on economic growth fluctuations is getting popularity, this paper goes a step further to explain persistence properties of economic growth by embedding temporal features by studying a spatial VAR model of demography and economic growth.

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Bibliographic Info

Paper provided by Association Française de Cliométrie (AFC) in its series Working Papers with number 07-04.

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Length: 31 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:afc:wpaper:07-04

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Keywords: Spatial Persistence; Long memory; Demographic dynamics; Economic growth;

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  1. Chen, Xiaoheng & Conley, Timothy G., 2001. "A new semiparametric spatial model for panel time series," Journal of Econometrics, Elsevier, vol. 105(1), pages 59-83, November.
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  13. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
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Cited by:
  1. Julian Ramajo & Miguel A. Marquez & Geoffrey J.D. Hewings, 2013. "Spatio-temporal Analysis of Regional Systems: A Multiregional Spatial Vector Autoregressive Model for Spain," ERSA conference papers ersa13p159, European Regional Science Association.
  2. Romain Houssa, 2010. "Spatial Propagation of Macroeconomic Shocks in Europe," Working Papers 1009, University of Namur, Department of Economics.
  3. Mishra, Tapas & Jumah, Adusei & Parhi, Mamata, 2008. "Age-structured Human Capital and Spatial Total Factor Productivity Dynamics," Economics Series 226, Institute for Advanced Studies.
  4. repec:wyi:wpaper:002027 is not listed on IDEAS

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