| 来源类型 | Article
|
| 规范类型 | 其他
|
| DOI | 10.1007/s11135-008-9177-8
|
| Demographic volatility and economic growth: Convention and beyond. |
| Mishra T; Diebolt C
|
| 发表日期 | 2010
|
| 出处 | Quality & Quantity
|
| 出版年 | 2010
|
| 语种 | 英语
|
| 摘要 | Following the success of endogenous growth theory, recent empirical examinations of the demography-economic growth construct established that components of demographic change can provide meaningful and clear insights into the direction and impact of demographic variation in economic growth. While theoretical justification and empirical support to the claim cannot be denied, confusions seem to have arisen whether an empirical growth construct will only be limited to demographic dynamics or the model can entertain other non-demographic variables. In a leading research, Kelley and Schmidt (1995, 2001) provided seemingly ambiguous evidence that addition of non-demographic variables can add explanatory power to the growth regression. While subsequent empirical growth models have largely followed the convention as in KS, some important considerations like the stochastic effects of demographic system on economic growth seem to be missing. This paper attempts to address the concerns by suggesting a long-memory demographic system and embedding stochastic demographic characteristics in a standard Solow-Swan model, which also forms the basis of convergence pattern. We empirically show that significant stochastic shocks exist in the demographic components which could have contributed to the growth volatility across nations. We suggest that empirical growth models should account for stochastic demographic characteristics to enable economic policy makers with correct information about the current and future state of evolution of the demography-economic system. |
| 主题 | World Population (POP)
; Postdoctoral Scholars (PDS)
|
| 关键词 | Stochastic demography
Convergence pattern model
Long-memory
Economic growth
|
| URL | http://pure.iiasa.ac.at/id/eprint/9253/
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| 来源智库 | International Institute for Applied Systems Analysis (Austria)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/129138
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推荐引用方式
GB/T 7714 |
Mishra T,Diebolt C. Demographic volatility and economic growth: Convention and beyond.. 2010.
|
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