Nexus between population and economic growth in india: a co-integration analysis
Keywords:
Population, GDP, Malthusian Theory, Granger Causality, Co-integrationAbstract
The study of population and economic growth has been the subject of intense debates between the two schools of thought. One relates to pessimistic opinion that population has a negative impact on economic growth while the other is convinced that the effect is positive. Recently, third group argues that the rise in population is neutral on economic growth. However, till date, the issue remains inconclusive. To analyse causality, using 51 years time series data of GDP and population growth, a Granger Causality Test was done and found that population growth causes neither GDP nor vice versa in India.
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