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

Fumitaka Furuoka and Qaiser Munir ()

Economics Bulletin, 2011, vol. 31, issue 4, 3226-3239

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.

Keywords: Population; Development; Singapore (search for similar items in EconPapers)
JEL-codes: J1 O1 (search for similar items in EconPapers)
Date: 2011-11-25
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Citations: View citations in EconPapers (8)

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