The Relationship between Population Growth and Standard-of-Living Growth Over 1870-2013: Evidence from a Bootstrapped Panel Granger Causality Test

Tsangyao Chang, Hsiao-Ping Chu, Frederick W. Deale, Rangan Gupta and Stephen Miller
Additional contact information
Hsiao-Ping Chu: Feng Chia University
Frederick W. Deale: University of Pretoria

No 2016-17, Working papers from University of Connecticut, Department of Economics

Abstract: This paper examines the linkages between population growth and standard-of-living growth in 21 countries over the period of 1870-2013. We apply the bootstrap panel causality test proposed by Kónya (2006), which accounts for both dependency and heterogeneity across countries. We find one-way Granger causality running from population growth to standard-of-living growth for Finland, France, Portugal, and Sweden, one-way Granger causality running from standard-of-living growth to population growth for Canada, Germany, Japan, Norway and Switzerland, two-way causality for Austria and Italy, and no causal relationship for Belgium, Brazil, Denmark, Netherlands, New Zealand, Spain, Sri Lanka, the UK, the USA, and Uruguay. Dividing the sample into two subsamples due to a structural break yields different results over the two periods of 1871-1951 and 1952-2013. Our empirical results suggest important policy implications for these 21 countries as the directions of causality differ across countries and time period.

Keywords: Population Growth; Standard-of-Living Growth; Dependency and Heterogeneity; Bootstrap Panel Causality Test (search for similar items in EconPapers)
JEL-codes: C32 C33 O40 Q56 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2016-09
New Economics Papers: this item is included in nep-gro and nep-his
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Journal Article: The relationship between population growth and standard-of-living growth over 1870–2013: evidence from a bootstrapped panel Granger causality test (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2016-17

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