Stochastic environmental effects, demographic variation, and economic growth

Azomahou, Théophile T. and Mishra, Tapas (2009). Stochastic environmental effects, demographic variation, and economic growth. UNU-MERIT.

Document type:

  • Attached Files (Some files may be inaccessible until you login with your UNU Collections credentials)
    Name Description MIMEType Size Downloads
    wp2009-016.pdf PDF application/pdf 579.61KB
  • Sub-type Working paper
    Author Azomahou, Théophile T.
    Mishra, Tapas
    Title Stochastic environmental effects, demographic variation, and economic growth
    Publication Date 2009
    Place of Publication Maastricht, NL
    Publisher UNU-MERIT
    Pages 44
    Abstract We consider a stochastic environment to study interactions among pollution growth, demographic changes, and economic growth. Drawing on the empirical findings of slow convergence patterns of pollution shocks (viz., with a long-memory), we build an analytical framework where stochastic environmental feedback effects on population changes are reflected upon aggregate economic growth. Long-memory in economic growth, in our model, is shown to arise due to the inherent stochasticity in environmental and demographic system. Empirical results for a set of developed and developing countries generally support our conjecture. Simulation experiment is carried out to lend additional support to this claim.
    Keyword Environmental quality
    Demographic dynamics
    Economic growth
    JEL C13
    Copyright Holder UNU-MERIT
    Copyright Year 2009
    Copyright type All rights reserved
    ISSN 18719872
  • Versions
    Version Filter Type
  • Citation counts
    Google Scholar Search Google Scholar
    Access Statistics: 668 Abstract Views, 159 File Downloads  -  Detailed Statistics
    Created: Wed, 11 Dec 2013, 16:35:22 JST