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Can population growth contribute to economic development? New evidence from Singapore

Author

Listed:
  • Fumitaka Furuoka

    (Universiti Malaysia Sabah)

  • Qaiser Munir

    (Universiti Malaysia Sabah)

Abstract

This paper chose Singapore as a case study to investigate whether population growth can contribute to economic development. It employed four different single-equation tests for cointegration, namely, 1) ordinary least squares, 2) fully modified ordinary least squares, 3) canonical cointegration regression, and 4) dynamic ordinary least squares. The empirical findings indicated a mutually reinforcing bilateral causality between population and economic development in the island-state. This highlights a dynamic nature of the population-development relationship in the country. In other words, Singapore's population growth did contribute to the nation's economic development, which in return stimulated population expansion in the country.

Suggested Citation

  • Fumitaka Furuoka & Qaiser Munir, 2011. "Can population growth contribute to economic development? New evidence from Singapore," Economics Bulletin, AccessEcon, vol. 31(4), pages 3226-3239.
    • Handle: RePEc:ebl:ecbull:eb-10-00706
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    Population; Development; Singapore;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • J1 - Labor and Demographic Economics - - Demographic Economics

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