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A Note on Long-Memory in Population and Economic Growth

  • Mishra Tapas

    (University of Wales, Swansea, UK)

  • Prskawetz Alexia

    (Vienna University of Technology, 1040 Vienna, Austria)

  • Parhi Mamata

    (University of Wales, Swansea, UK)

  • Diebolt Claude

    (University of Strasbourg, France)

We show that long memory in economic growth occurs due to the existence of stochastic memory in population growth. Conventional stationary assumption of population growth in economic growth models is relaxed and convergence properties of slowly decaying demographic shocks are examined in light of population and economic policies.

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Paper provided by Association Française de Cliométrie (AFC) in its series Working Papers with number 09-06.

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Length: 10 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:afc:wpaper:09-06
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  1. Azomahou, Théophile & Diebolt, Claude & Mishra, Tapas, 2009. "Spatial persistence of demographic shocks and economic growth," Journal of Macroeconomics, Elsevier, vol. 31(1), pages 98-127, March.
  2. Michelacci, C. & Zaffaroni, P., 1998. "(Fractional) Beta Convergence," Papers 9803, Centro de Estudios Monetarios Y Financieros-.
  3. L. A. Gil-Alana, 2003. "A fractional integration analysis of the population in some OECD countries," Journal of Applied Statistics, Taylor & Francis Journals, vol. 30(10), pages 1147-1159.
  4. Prskawetz, Alexia & Feichtinger, Gustav, 1995. "Endogenous Population Growth May Imply Chaos," Journal of Population Economics, Springer, vol. 8(1), pages 59-80, February.
  5. Boucekkine, Raouf & de la Croix, David & Licandro, Omar, 2002. "Vintage Human Capital, Demographic Trends, and Endogenous Growth," Journal of Economic Theory, Elsevier, vol. 104(2), pages 340-375, June.
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