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Population Growth and Economic Development: New Empirical Evidence from Thailand

  • Fumitaka Furuoka

    ()

    (Universiti Malaysia Sabah)

Population growth has a substantial impact on economic development. There are two schools of thought regarding this issue. Some researchers maintain that population has a negative impact on economic development while others are convinced that the effect is positive. This paper aims to provide additional evidence by employing the bounds test (Pesaran et al., 2001) to analyse a long-run relationship between population growth and economic development in Thailand. The findings of this study indicate the existence of a long-run equilibrium relationship between population growth and economic development in Thailand. Also, the findings show that there exists a unidirectional causality from population growth to economic development in Thailand. This means that population growth in Thailand has a positive impact on the country's economic performance. These findings support the population-driven economic growth hypothesis which states that population growth promotes economic development.

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File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I1-P1.pdf
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Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 29 (2009)
Issue (Month): 1 ()
Pages: 1-14

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Handle: RePEc:ebl:ecbull:eb-08j10009
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  1. P. J. Dawson & Richard Tiffin, 1998. "Is there a long-run relationship between population growth and living standards? The case of India," Journal of Development Studies, Taylor & Francis Journals, vol. 34(5), pages 149-156.
  2. Alberto Bucci & Davide Torre, 2009. "Population and economic growth with human and physical capital investments," International Review of Economics, Springer, vol. 56(1), pages 17-27, March.
  3. John Thornton, 2001. "Population Growth and Economic Growth: Long-Run Evidence from Latin America," Southern Economic Journal, Southern Economic Association, vol. 68(2), pages 464-468, October.
  4. Stephan Klasen & David Lawson, 2007. "The Impact of Population Growth on Economic Growth and Poverty Reduction in Uganda," Departmental Discussion Papers 133, University of Goettingen, Department of Economics, revised 25 May 2007.
  5. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
  6. repec:ebl:ecbull:v:15:y:2007:i:8:p:1-7 is not listed on IDEAS
  7. Frederic Tournemaine, 2007. "Can population promote income per-capita growth? A balanced perspective," Economics Bulletin, AccessEcon, vol. 15(8), pages 1-7.
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