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A Note on Long-Memory in Population and Economic Growth
Tapas Mishra Alexia Prskawetz,
Mamata Parhi ()
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Alexia Prskawetz: Vienna University of Technology, 1040 Vienna, Austria
Working Papers from Association Française de Cliométrie (AFC)
We show that long memory in economic growth occurs due to the existence of stochastic memory in population growth. Conventional stationary assumption of population growth in economic growth models is relaxed and convergence properties of slowly decaying demographic shocks are examined in light of population and economic policies.
Keywords: Economy-demography interaction model; Long-memory; Eeconomic growth; Stochastic demography. (search for similar items in EconPapers)
JEL-codes: C14 C31 E61 J11 O47 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:afc:wpaper:09-06
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