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| Tapas Mishra, Alexia Prskawetz, Mamata Parhi and Claude Diebolt |
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| ''Shock persistence in output and the role of stochastic population growth'' |
| ( 2010, Vol. 30 No.3 ) |
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| This paper illustrates both analytically and empirically that
stochastic long-memory in economic growth arises due to the
presence of a long-memory in population growth. Specifically,
we show that the long-run conditional mean and variances of
economic growth are functions of stochastic long-memory in
demographic system. This is well-supported by an empirical
example. |
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| Keywords: economy-demographic interaction,
long-memory, economic growth, stochastic population, stochastic
economic growth. |
JEL: B4 - Economic Methodology: General
A1 - General Economics: General Econ |
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| Manuscript Received : Aug 27 2009 | | Manuscript Accepted : Sep 20 2010 |
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