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Demographic influences on economic resiliency: Revisiting the developing country growth collapse of the 1970s and 1980s
Author(s) -
Liddle Brant
Publication year - 2011
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.1670
Subject(s) - economics , developing country , population growth , dependency ratio , dependency (uml) , falling (accident) , development economics , economic stability , population , economic collapse , economic expansion , demographic economics , economic growth , macroeconomics , political science , sociology , politics , demography , psychology , systems engineering , psychiatry , law , engineering
This paper bridges two related, but up to now, unconnected literatures: economic growth stability and population‐economic growth. The paper differs from previous population‐economic growth analyses by focusing on instability of economic growth in developing countries. This study contributes to a previous paper on the developing country growth collapse by adding important demographic variables. The paper provides an explanation for ‘new’ negative correlations of population and economic growth: because 1960s were a relatively smooth time for economic growth, youth dependency did not seem important; however, during turbulent 1970s and 1980s, countries with falling dependency burdens weathered economic shocks better. Copyright © 2010 John Wiley & Sons, Ltd.