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Mahmoudinia, Davoud, Hosseini Kondelaji, Mir Hadi, Jafari, somayeh. (1399). The Causality Relationship Between Population, Economic Growth and Capital Stock in OIC Countries and Its Policy Aspects. , 1(2), 117-132. doi: 10.29252/jep.1.2.117
Davoud Mahmoudinia; Mir Hadi Hosseini Kondelaji; somayeh Jafari. "The Causality Relationship Between Population, Economic Growth and Capital Stock in OIC Countries and Its Policy Aspects". , 1, 2, 1399, 117-132. doi: 10.29252/jep.1.2.117
Mahmoudinia, Davoud, Hosseini Kondelaji, Mir Hadi, Jafari, somayeh. (1399). 'The Causality Relationship Between Population, Economic Growth and Capital Stock in OIC Countries and Its Policy Aspects', , 1(2), pp. 117-132. doi: 10.29252/jep.1.2.117
Mahmoudinia, Davoud, Hosseini Kondelaji, Mir Hadi, Jafari, somayeh. The Causality Relationship Between Population, Economic Growth and Capital Stock in OIC Countries and Its Policy Aspects. , 1399; 1(2): 117-132. doi: 10.29252/jep.1.2.117

The Causality Relationship Between Population, Economic Growth and Capital Stock in OIC Countries and Its Policy Aspects

International Journal of New Political Economy
مقاله 7، دوره 1، شماره 2، 2020، صفحه 117-132    اصل مقاله (501.42 K)
نوع مقاله: Original Article
شناسه دیجیتال (DOI): 10.29252/jep.1.2.117
نویسندگان
Davoud Mahmoudinia* 1؛ Mir Hadi Hosseini Kondelaji2؛ somayeh Jafari3
1Economic Department, Vali-e-Asr University, Rafsanjan
2Department of Economics, Arak University, Arak, Iran
3Ph.D. student in Economics, Allameh Tabataba'i University, Iran
چکیده
This paper examines the long run and short run relationship between population, GDP growth and capital stock in OIC countries during 1980 to 2016. Using panel Cointegration and causality techniques, the results show that there is the long run relationship, when per capita income and per capita capital stock are dependent variables. In the long run the impact of population on economic growth is positive and statistically significant. Also, the bidirectional relationship between Population and economic growth in the short-run has been accepted for OIC countries. Theoretically the population growth is a national savings that create additional capacity in the economy. Given these points, from a policy perspective, it can be argued that population growth is a stimulus for economic growth and not an obstacle to it. Therefore, rather pessimistic view of the population and its control, economic policymakers must reduce important economic barriers through a structures reform, increasing management capability as well as implementing proper monetary and fiscal policies.
کلیدواژه‌ها
Economic growth؛ Population؛ Cointegration؛ Causality؛ OIC Countries
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