Youth Dependency, Institutions, and Economic Growth

Tomas Kögel

Discussion Paper Series from Department of Economics, Loughborough University

Abstract: The present paper shows empirically that the youth dependency ratio (the population below working age divided by the population of working age) reduces economic growth even after controlling for institutions. The institutional variable, the paper controls for, is the measure for institutions that is recently preferred in prominent work by Acemoglu and co-authors. Institutions turn out to have a significant and positive effect on economic growth. The significance of the youth dependency ratio and of institutions appears to be robust to controlling for various variables, including malaria prevalence. Hence, the paper finds evidence that demography, as well as institutions, both matter for economic growth.

Keywords: Economic Growth; Fertility; Age structure effects. (search for similar items in EconPapers)
JEL-codes: J11 O40 O47 (search for similar items in EconPapers)
Date: 2007-05
New Economics Papers: this item is included in nep-age and nep-dev
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