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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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    File URL: http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I4-P292.pdf
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    References listed on IDEAS

    as
    1. Phillips, P.C.B., 1986. "Understanding spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 33(3), pages 311-340, December.
    2. 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.
    3. 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.
    4. Fumitaka Furuoka, 2009. "Population Growth and Economic Development: New Empirical Evidence from Thailand," Economics Bulletin, AccessEcon, vol. 29(1), pages 1-14.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. 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.
    2. Eric Rougier & Riana Razafimandimby Andrianjaka, 2017. "What difference does it make (when a middle-income country is caught in the trap)? An evidence-based survey analysis of the determinants of Middle-Income Traps," Cahiers du GREThA 2017-16, Groupe de Recherche en Economie Théorique et Appliquée.
    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. Furuoka, Fumitaka, 2014. "Population and economic development in Sarawak, Malaysia," MPRA Paper 60636, University Library of Munich, Germany.

    More about this item

    Keywords

    Population; Development; Singapore;

    JEL classification:

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

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