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

  • Fumitaka Furuoka

    ()

    (Universiti Malaysia Sabah)

  • Qaiser Munir

    ()

    (Universiti Malaysia Sabah)

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.

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File URL: http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I4-P292.pdf
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Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 31 (2011)
Issue (Month): 4 ()
Pages: 3226-3239

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Handle: RePEc:ebl:ecbull:eb-10-00706
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  1. Peter C.B. Phillips, 1985. "Understanding Spurious Regressions in Econometrics," Cowles Foundation Discussion Papers 757, Cowles Foundation for Research in Economics, Yale University.
  2. 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.
  3. Fumitaka Furuoka, 2009. "Population Growth and Economic Development: New Empirical Evidence from Thailand," Economics Bulletin, AccessEcon, vol. 29(1), pages 1-14.
  4. Julian L. Simon, 1987. "Population Growth, Economic Growth, and Foreign Aid," Cato Journal, Cato Journal, Cato Institute, vol. 7(1), pages 159-193, Spring/Su.
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