Population growth and economic growth: empirical estimation for a sample of Balkan countries

Josheski, Dushko and Fotov, Risto (2013) Population growth and economic growth: empirical estimation for a sample of Balkan countries. In: XVIII Naucni skup: Regionalni razvoj i demografski tokovi zemalja Jugoistocne Evrope, 21 June 2013, Nis, Serbia.


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In this paper we use pooled cross-sectional (longitudinal data) in a sample of 10 Balkan countries. The period we cover is from 1950-2009 data are for population and economic growth. In the theoreti-cal part we present optimal intergenerational model of population growth .The optimal population growth depends on capital in the future period and future consumption. Consumption should be great-er than zero, and less than total capital of the current generation. In the econometric part OLS regres-sion with dummies the coefficient on Macedonia, is highest significant coefficient meaning, if we control for Macedonia we will on average find more positive association between growth of GDP and population growth. Hausman test was in favor of fixed effects model, but fixed effects and Random effects model showed that there is positive coefficient between GDP growth and population growth. Coefficient in the FE model was statistically significant, which was not case in RE model. From the Fischer’s panel unit root test we reject the null hypothesis that panels contain unit root and we accept the alternative that at least one panel is stationary, for the population growth and GDP growth.

Item Type: Conference or Workshop Item (Paper)
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Sanja Stefanova
Date Deposited: 13 Dec 2013 13:36
Last Modified: 13 Dec 2013 13:55
URI: http://eprints.ugd.edu.mk/id/eprint/8398

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