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Population Growth and Economic Growth: Long‐Run Evidence from Latin America
Author(s) -
Thornton John
Publication year - 2001
Publication title -
southern economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.762
H-Index - 58
eISSN - 2325-8012
pISSN - 0038-4038
DOI - 10.1002/j.2325-8012.2001.tb00431.x
Subject(s) - per capita , unit root , economics , granger causality , context (archaeology) , latin americans , cointegration , population growth , unit root test , econometrics , population , causality (physics) , error correction model , unit (ring theory) , demography , geography , mathematics , political science , physics , archaeology , quantum mechanics , sociology , mathematics education , law
Unit root tests, the Johansen maximal likelihood methodology, and Granger causality tests in the context of a one‐step error correction model are used to examine the long‐run relation between population and per capita GDP in seven Latin American countries over most of the 20th century. The results suggest that no long‐run relation has existed and, hence, population growth neither causes per capita GDP growth nor is caused by it.