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Secular Stagnation: An Introduction

Author

Listed:
  • Hareesh Kumar A G

    (Research Scholar in Commerce, St Thomas College (Autonomous), Thrissur, Kerala, India.)

  • Dr. Thomas Paul Kattookaran

    (Associate Professor and Head, Research Department of Commerce, St Thomas College (Autonomous), Thrissur, Kerala, India.)

Abstract

This paper tries to establish empirical relevance for secular stagnation by analyzingthe population change in developed regions and economic growth. The study runs with the details of a sample of 7 developed countries. A high positive relationship exists between population growth in developed regions and world per capita gross national income. Low and middle income countries have to consistently and favorably approach growth rate in population and technological advancement that require more consistent policy level initiatives considering the future falls due to secular stagnation. JEL Classification: D14, D31, E20, E21, E50

Suggested Citation

  • Hareesh Kumar A G & Dr. Thomas Paul Kattookaran, 2016. "Secular Stagnation: An Introduction," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 7(3), pages 42-47, September.
    • Handle: RePEc:aii:ijcmss:v:07:y:2016:i:3:p:42-47
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    References listed on IDEAS

    as
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    2. Stephanie Lo & Kenneth Rogoff, 2015. "Secular stagnation, debt overhang and other rationales for sluggish growth, six years on," BIS Working Papers 482, Bank for International Settlements.
    3. Eckhard Hein, 2016. "Secular stagnation or stagnation policy? Steindl after Summers," PSL Quarterly Review, Economia civile, vol. 69(276), pages 3-47.
    4. Barry Eichengreen, 2015. "Wall of Worries: Reflections on the Secular Stagnation Debate," IMES Discussion Paper Series 15-E-05, Institute for Monetary and Economic Studies, Bank of Japan.
    5. Lawrence H Summers, 2014. "U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 49(2), pages 65-73, April.
    6. Robert J. Gordon, 2015. "Secular Stagnation: A Supply-Side View," American Economic Review, American Economic Association, vol. 105(5), pages 54-59, May.
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    More about this item

    Keywords

    Secular Stagnation; Economic Growth; FDI; Digital India.;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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