Population Growth and Economic Development: Test for Causality
This paper examines the existenceof a long-run relationship between population and per capita income in Pakistan for the period 1960-2001 using cointegration analysis. Unit root results show that population is integrated of order zero while per capita income is integrated of order one; further, Johansen’s procedure showthat no long-run cointegrating relationship exists. Thus, population growth neither causes per capita income growth nor is caused by it. A corollary is that population growth neither stimulates per capita income growth nor reduces it.
Volume (Year): 11 (2006)
Issue (Month): 2 (Jul-Dec)
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References listed on IDEAS
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- Kelley, Allen C, 1988. "Economic Consequences of Population Change in the Third World," Journal of Economic Literature, American Economic Association, vol. 26(4), pages 1685-1728, December. Full references (including those not matched with items on IDEAS)
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