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Fumitaka Furuoka and Qaiser Munir
''Can population growth contribute to economic development? New evidence from Singapore''
( 2011, Vol. 31 No.4 )
This paper chose Singapore as a case study to investigate whether population growth can contribute to economic development. It employed four different single-equation tests for cointegration, namely, 1) ordinary least squares, 2) fully modified ordinary least squares, 3) canonical cointegration regression, and 4) dynamic ordinary least squares. The empirical findings indicated a mutually reinforcing bilateral causality between population and economic development in the island-state. This highlights a dynamic nature of the population-development relationship in the country. In other words, Singapore's population growth did contribute to the nation's economic development, which in return stimulated population expansion in the country.
Keywords: Population, Development, Singapore
JEL: O1 - Economic Development: General
J1 - Demographic Economics: General
Manuscript Received : Nov 10 2010 Manuscript Accepted : Nov 25 2011

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