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Jurnal Ekonomi dan Bisnis Airlangga


Economic growth , population growth , capital , labor force , human reseources , granger causality , VECM,ASEAN-5


Abdulrahman Taresh Abdullah A.




This study empirically examines the causal relationship between population growth  and economic growth, as well as to analyze the influence of capital, labor, population  growth and human resources on economic growth, using the annual data of ASEAN- 5 (Indonesia, Malaysia, Philippines, Singapore and Thailand), over the period of
1980-2013. The method used in this study is the Granger Causality and Vector Error Correction Model (VECM). VECM is used because the data is stationary at first difference and there is cointegration between variables.
     From the results estimation which is conducted, it is concluded that, overall, the relationship between population growth and economic growth in ASEAN-5 is strong and negative flow from economic growth to population growth. This study supports the opinion of theoretical and empirical claims; as income increases, households value quality over quantity of children. Concurrently, population can be a stimulus for economic growth through the realization of favorable economies of scale induced by low labor costs, enhancing aggregate demand for goods and services and promoting human capital, and improved efficiency.


Vol 26, Nomor 1, Tahun 2016


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