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A Note on Long-Memory in Population and Economic Growth

Author

Listed:
  • Mishra Tapas

    (University of Wales, Swansea, UK)

  • Prskawetz Alexia

    (Vienna University of Technology, 1040 Vienna, Austria)

  • Parhi Mamata

    (University of Wales, Swansea, UK)

  • Diebolt Claude

    (University of Strasbourg, France)

Abstract
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.

Suggested Citation

  • Mishra Tapas & Prskawetz Alexia & Parhi Mamata & Diebolt Claude, 2009. "A Note on Long-Memory in Population and Economic Growth," Working Papers 09-06, Association Française de Cliométrie (AFC).
    • Handle: RePEc:afc:wpaper:09-06
    as

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    File URL: http://www.cliometrie.org/images/wp/AFC_WP_06-2009.pdf
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    References listed on IDEAS

    as
    1. L. A. Gil-Alana, 2003. "A fractional integration analysis of the population in some OECD countries," Journal of Applied Statistics, Taylor & Francis Journals, vol. 30(10), pages 1147-1159.
    2. Michelacci, Claudio & Zaffaroni, Paolo, 2000. "(Fractional) beta convergence," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 129-153, February.
    3. Prskawetz, Alexia & Feichtinger, Gustav, 1995. "Endogenous Population Growth May Imply Chaos," Journal of Population Economics, Springer;European Society for Population Economics, vol. 8(1), pages 59-80, February.
    4. Boucekkine, Raouf & de la Croix, David & Licandro, Omar, 2002. "Vintage Human Capital, Demographic Trends, and Endogenous Growth," Journal of Economic Theory, Elsevier, vol. 104(2), pages 340-375, June.
    5. Azomahou, Théophile & Diebolt, Claude & Mishra, Tapas, 2009. "Spatial persistence of demographic shocks and economic growth," Journal of Macroeconomics, Elsevier, vol. 31(1), pages 98-127, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. David Greasley & Les Oxley, 2010. "Cliometrics And Time Series Econometrics: Some Theory And Applications," Journal of Economic Surveys, Wiley Blackwell, vol. 24(5), pages 970-1042, December.
    2. Tapas Mishra & Claude Diebolt & Mamata Parhi, 2010. "Stochasticity in Population and Economic Growth with Past Dependence," Working Papers 10-10, Association Française de Cliométrie (AFC).

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    More about this item

    Keywords

    Economy-demography interaction model; Long-memory; Eeconomic growth; Stochastic demography.;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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