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An Empirical Analysis of Population and Technological by Hisakazu Kato

By Hisakazu Kato

​Analyzing the relation among inhabitants elements and technological development is the most function of this booklet. With its declining inhabitants, Japan faces the straightforward yet tricky challenge of even if sustained fiscal progress could be maintained. even supposing there are numerous reviews to enquire destiny monetary development from the perspective of work strength transition and the reducing saving expense, technological development is an important issue to be thought of sooner or later course of the japanese financial system. Technological development is the results of thoughts or advancements within the caliber of human and actual capital. the rise in technological development, that's measured as overall issue productiveness (TFP), is discovered either by means of advancements in productiveness within the brief time period and by means of financial advancements within the long-term. the writer investigates the connection of inhabitants elements and productiveness, targeting productiveness development within the brief time period. Many discussions have lengthy been held concerning the relation among inhabitants and technological growth. From the previous Malthusian version to the trendy endogenous financial progress types, numerous theories are constructed within the context of development idea. during this ebook, those discussions are summarized in short, with an research of the quantitative relation among inhabitants and technological growth utilizing country-based panel info in contemporary periods.

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On the other hand, the effect of population growth had a stronger negative effect on economic growth during the period 1975–1997. By referring to Beaudry and Collard’s (2003) work, we will investigate an extended period of data for OECD countries. Using OECD data for 24 countries from 1970 to 2010, we estimated regression equations to verify the relationship between population and economic growth. Dependent variables are the economic growth rate per capita, denoted as %Δ(Y/P), 34 2 Population, Economic Growth, and TFP in Developed Countries and per adult (15–64-year-old), denoted as %Δ(Y/A), respectively.

Aghion & S. N. ), Handbook of Economic Growth (Vol. 1B). V. Kremer, M. (1993). C. to 1990, Quarterly Journal of Economics, 108, 681–716. 50 3 Theoretical and Empirical Analysis … Kuznetz, S. (1960). Population change and aggregate output, In Demographic and economic change in developed countries. Princeton: Princeton University Press. ) (2000). White paper on the labour 2000. (in Japanese). , & Morisita, M. (2008). In Kaizuka, K. ), Can we escape the trap of population decline? Chuo-Keizai-Sha: Studies of Social Security Improvements in Population Declining Society.

6). Note, * means the value in a steady state. 6) shows that the level of GDP per capita decreases as the rate of population growth increases. From this logic, it is concluded that an increased population generates lower levels of per capita income in a steady state. 3 illustrates this conclusion. 2 The Results of Empirical Studies (1) The relationship between economic growth and population will now be examined, based on empirical studies. Firstly, we will explore the relationship between the population growth rate and the economic growth rate for countries in the long term.

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