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Population and Economic Growth: a Panel Causality Analysis

Author

Listed:
  • Gaston Cayssials

    (Universidad de la República, Montevideo, Uruguay)

  • Fernando Antonio Ignacio González

    (Universidad Católica del Norte, Coquimbo, Chile)

  • Silvia London

    (Universidad Nacional del Sur, Bahía Blanca, Argentina)

Abstract

This paper examines the relationship between population growth and economic growth using panel data from 111 countries over the period from 1960 to 2019. In the first stage of the analysis, we divided the sample into three groups of countries using a non-parametric method. Unlike the ad hoc decisions made in previous studies, which were based on factors such as size or economic performance, these categories were determined objectively. We conducted a Granger causality analysis on internally homogeneous groups, composed of countries with similar trajectories in population and economic growth, which are clearly distinct from one another. Our results reveal significant qualitative differences in the dynamics of population and economic growth between these groups.

Suggested Citation

  • Gaston Cayssials & Fernando Antonio Ignacio González & Silvia London, 2024. "Population and Economic Growth: a Panel Causality Analysis," Population and Economics, ARPHA Platform, vol. 8(3), pages 220-240, November.
  • Handle: RePEc:arh:jpopec:v:8:y:2024:i:3:p:220-240
    DOI: 10.3897/popecon.8.e109133
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    More about this item

    Keywords

    time series analysis minimal spanning tree hierarchical tree population dynamics economic growth panel causality test;

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • J0 - Labor and Demographic Economics - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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