Population and economic growth theme: Longitudinal data for a sample of Balkan countries
In this paper we use pooled cross-sectional (longitudinal data) in a sample of 10 Balkan countries. The period we cover is from 1950-2009 data are for population and economic growth. In the theoretical part we present optimal intergenerational model of population growth. The optimal population growth depends on capital in the future period and future consumption. Consumption should be greater than zero, and less than total capital of the current generation. In the econometric part OLS regression with dummies the coefficient on Macedonia,is highest significant coefficient meaning, if we control for Macedonia we will on average find more positive association between growth of GDP and population growth. Hausman test was in favor of fixed effects model, but fixed effects and Random effects model showed that there is positive coefficient between GDP growth and population growth. Coefficient in the FE model was statistically significant, which was not case in RE model. From the Fischer’s panel unit root test we reject the null hypothesis that panels contain unit root and we accept the alternative that at least one panel is stationary, for the population growth and GDP growth.
|Date of creation:||25 Feb 2012|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wooldridge, Jeffrey M., 1995. "Selection corrections for panel data models under conditional mean independence assumptions," Journal of Econometrics, Elsevier, vol. 68(1), pages 115-132, July.
- Michael Kremer, 1993. "Population Growth and Technological Change: One Million B.C. to 1990," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 681-716.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:36946. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.