The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World

Aoulad Hosen

doi:doi:10.11648/j.ijber.20190804.13

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The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World

Aoulad Hosen

Published in International Journal of Business and Economics Research (Volume 8, Issue 4)

Received: 16 May 2019 Accepted: 18 June 2019 Published: 2 July 2019

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Abstract

The relationship between population growth and economic growth appeared differently in different countries. It became a debated issue for one country group from another where each country group classified by their income level. This article draws on data of forty countries that is twenty seven years long with each income group consists of ten countries. For panel data analysis the study introduces some econometric tests such as Unit root test, Country Pedroni (2004) cointegration test, Phillips-Peron cross section test, Johansen normalized cointegrating tests and Vector error correction test. The outcome states that in low income countries both variables are in equilibrium and reveals positive relationship. By one percent rise in the growth of population, in the long run, for high income and upper middle income countries the growth rate of GDP will drop by 1.19 percent and 0.044 percent respectively. Meanwhile, significant positive results come from lower middle income and low income countries which were the growth of GDP upswing by 0.44 percent and 0.42 percent respectively by the one percent increase in the growth of population. In high income countries, growth of GDP falls due to rise of the growth of population but the growth of population needs 1.47 year to reach to the equilibrium.

Published in	International Journal of Business and Economics Research (Volume 8, Issue 4)
DOI	10.11648/j.ijber.20190804.13
Page(s)	180-191
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

GDP Growth, Population Growth, Income Groups, Panel Data

References

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[2]	Hyun H Son (2010) Human Capital Development, ADB Economics Working Paper Series No. 225, Asian Development Bank, Mandaluyong City, Manila, Philippines, www.adb.org/economics.
[3]	Charles I Jones (1996) Human Capital, Ideas, and Economic Growth, Stanford University Stanford, CA94305 Department of Economics, Version1.
[4]	Fox S, Dyson T (2015) Research themes: Inclusive Growth, International Growth Centre, The Ideas of Growth. University of Bristol, Economics and London School of Political Science (LSE). https://www.theigc.org/blog/is-population-growth-good-or-bad-for-economic-development/
[5]	Piketty T (2014) Capital in the twenty-first century, Cambridge, MA: Belknap Press of Harvard University Press, pp. 72.
[6]	Wesley E, Peterson F (2017) The Role of Population in Economic Growth, SAGE, October-December 2017: 1-15, Research Article. https://doi.org/10.1177/2158244017736094
[7]	Milanovic B (2015) Global inequality of opportunity: how much of our income is determined by where we live, Review of Economics and Statistics 97 (2): 452–460. https://doi.org/10.1162/REST_a_00432
[8]	Parkin M (2010) Macroeconomics, 10th ed. Pearson Education, Inc 501 Boylston Street, Boston, MA 02116, USA.
[9]	World Development Indicators (2018) Data Themes, people and Economy, The World Bank. http://datatopics.worldbank.org/world-development-indicators/ (and) http://databank.worldbank.org/data/reports.aspx?source=world-development-indicators#
[10]	Levin A, Lin C F, Chu C (2002) Unit root tests in panel data: Asymptotic and finite-sample properties. Journal of Econometrics, 108: 1–25.
[11]	Pedroni P (2004) Panel cointegration: asymptotic and finite sample properties of pooled time series tests, with an application to the PPP hypopaper. Econometric Theory, 20: 575–625.
[12]	Mankiw G N (2001) Principles of economics. (2nd ed.), Orlando, FL 32887-6777, Philadelphia: Harcourt College Publishers, Harcourt Inc. pp. 23 & 398-407.
[13]	Pedroni P (1995) Panel cointegration: asymptotic and finite sample properties of pooled time series tests, with an application to the PPP hypopaper, Working Paper Series in Economics p. 95-013, Indiana University.
[14]	Dornbusch R, Fischer S (2005) Macroeconomics, 6the ed. New Delhi: Tata, McGraw-HillPublishing Company Limited, pp. 241.

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Aoulad Hosen. (2019). The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World. International Journal of Business and Economics Research, 8(4), 180-191. https://doi.org/10.11648/j.ijber.20190804.13

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ACS Style

Aoulad Hosen. The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World. Int. J. Bus. Econ. Res. 2019, 8(4), 180-191. doi: 10.11648/j.ijber.20190804.13

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AMA Style

Aoulad Hosen. The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World. Int J Bus Econ Res. 2019;8(4):180-191. doi: 10.11648/j.ijber.20190804.13

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@article{10.11648/j.ijber.20190804.13,
  author = {Aoulad Hosen},
  title = {The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {4},
  pages = {180-191},
  doi = {10.11648/j.ijber.20190804.13},
  url = {https://doi.org/10.11648/j.ijber.20190804.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190804.13},
  abstract = {The relationship between population growth and economic growth appeared differently in different countries. It became a debated issue for one country group from another where each country group classified by their income level. This article draws on data of forty countries that is twenty seven years long with each income group consists of ten countries. For panel data analysis the study introduces some econometric tests such as Unit root test, Country Pedroni (2004) cointegration test, Phillips-Peron cross section test, Johansen normalized cointegrating tests and Vector error correction test. The outcome states that in low income countries both variables are in equilibrium and reveals positive relationship. By one percent rise in the growth of population, in the long run, for high income and upper middle income countries the growth rate of GDP will drop by 1.19 percent and 0.044 percent respectively. Meanwhile, significant positive results come from lower middle income and low income countries which were the growth of GDP upswing by 0.44 percent and 0.42 percent respectively by the one percent increase in the growth of population. In high income countries, growth of GDP falls due to rise of the growth of population but the growth of population needs 1.47 year to reach to the equilibrium.},
 year = {2019}
}

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TY  - JOUR
T1  - The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World
AU  - Aoulad Hosen
Y1  - 2019/07/02
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190804.13
DO  - 10.11648/j.ijber.20190804.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
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EP  - 191
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190804.13
AB  - The relationship between population growth and economic growth appeared differently in different countries. It became a debated issue for one country group from another where each country group classified by their income level. This article draws on data of forty countries that is twenty seven years long with each income group consists of ten countries. For panel data analysis the study introduces some econometric tests such as Unit root test, Country Pedroni (2004) cointegration test, Phillips-Peron cross section test, Johansen normalized cointegrating tests and Vector error correction test. The outcome states that in low income countries both variables are in equilibrium and reveals positive relationship. By one percent rise in the growth of population, in the long run, for high income and upper middle income countries the growth rate of GDP will drop by 1.19 percent and 0.044 percent respectively. Meanwhile, significant positive results come from lower middle income and low income countries which were the growth of GDP upswing by 0.44 percent and 0.42 percent respectively by the one percent increase in the growth of population. In high income countries, growth of GDP falls due to rise of the growth of population but the growth of population needs 1.47 year to reach to the equilibrium.
VL  - 8
IS  - 4
ER  -

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Author Information

Aoulad Hosen

Department of Economics, National University, Gazipur, Bangladesh

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Plain Text BibTeX RIS

APA Style

Aoulad Hosen. (2019). The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World. International Journal of Business and Economics Research, 8(4), 180-191. https://doi.org/10.11648/j.ijber.20190804.13

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ACS Style

Aoulad Hosen. The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World. Int. J. Bus. Econ. Res. 2019, 8(4), 180-191. doi: 10.11648/j.ijber.20190804.13

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AMA Style

Aoulad Hosen. The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World. Int J Bus Econ Res. 2019;8(4):180-191. doi: 10.11648/j.ijber.20190804.13

Copy | Download

@article{10.11648/j.ijber.20190804.13,
  author = {Aoulad Hosen},
  title = {The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {4},
  pages = {180-191},
  doi = {10.11648/j.ijber.20190804.13},
  url = {https://doi.org/10.11648/j.ijber.20190804.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190804.13},
  abstract = {The relationship between population growth and economic growth appeared differently in different countries. It became a debated issue for one country group from another where each country group classified by their income level. This article draws on data of forty countries that is twenty seven years long with each income group consists of ten countries. For panel data analysis the study introduces some econometric tests such as Unit root test, Country Pedroni (2004) cointegration test, Phillips-Peron cross section test, Johansen normalized cointegrating tests and Vector error correction test. The outcome states that in low income countries both variables are in equilibrium and reveals positive relationship. By one percent rise in the growth of population, in the long run, for high income and upper middle income countries the growth rate of GDP will drop by 1.19 percent and 0.044 percent respectively. Meanwhile, significant positive results come from lower middle income and low income countries which were the growth of GDP upswing by 0.44 percent and 0.42 percent respectively by the one percent increase in the growth of population. In high income countries, growth of GDP falls due to rise of the growth of population but the growth of population needs 1.47 year to reach to the equilibrium.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - The Stability of Population and GDP Growth: A Comparative Analysis Among Different Nations in the World
AU  - Aoulad Hosen
Y1  - 2019/07/02
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190804.13
DO  - 10.11648/j.ijber.20190804.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 180
EP  - 191
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190804.13
AB  - The relationship between population growth and economic growth appeared differently in different countries. It became a debated issue for one country group from another where each country group classified by their income level. This article draws on data of forty countries that is twenty seven years long with each income group consists of ten countries. For panel data analysis the study introduces some econometric tests such as Unit root test, Country Pedroni (2004) cointegration test, Phillips-Peron cross section test, Johansen normalized cointegrating tests and Vector error correction test. The outcome states that in low income countries both variables are in equilibrium and reveals positive relationship. By one percent rise in the growth of population, in the long run, for high income and upper middle income countries the growth rate of GDP will drop by 1.19 percent and 0.044 percent respectively. Meanwhile, significant positive results come from lower middle income and low income countries which were the growth of GDP upswing by 0.44 percent and 0.42 percent respectively by the one percent increase in the growth of population. In high income countries, growth of GDP falls due to rise of the growth of population but the growth of population needs 1.47 year to reach to the equilibrium.
VL  - 8
IS  - 4
ER  -

Copy | Download