Aggregate Population and Economic Growth Correlations: The Role of the Components of Demographic Change

Author:

Kelley Allen C.1,Schmidt Robert M.2

Affiliation:

1. Department of Economics and Center for Demographic Studies, Duke University, Durham, NC 27708

2. E. Claiborne Robins School of Business, University of Richmond, Richmond, VA 23173

Abstract

Abstract The results of recent correlations showing a negative impact of population growth on economic development in cross-country data for the 1980s, versus “nonsignificant” correlations widely found for the 1960s and 1970s, are examined with contemporaneous and lagged components of demographic change, convergence-type economic modeling, and several statistical frameworks. The separate impacts of births and deaths are found to be notable but offsetting in the earlier periods. In contrast, the short-run costs (benefits) of births (mortality reduction) increase (decrease) significantly in the 1980s, and the favorable labor-force impacts of past births are not fully offsetting.

Publisher

Duke University Press

Subject

Demography

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