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http://dx.doi.org/10.5392/JKCA.2020.20.06.142

Long Run Relationship Between Population and Yield Revisited: An Analysis of Malthusian Regime  

Rhee, Hyun-Jae (청주대학교 경제학과)
Publication Information
The Journal of the Korea Contents Association / v.20, no.6, 2020 , pp. 142-155 More about this Journal
Abstract
This study re-evaluated Malthusian regime which signifies a negative relationship between population and income by employing the trend for the population and the income of the world and panel analysis during 1820-2006 periods. Empirical evidence suggested that Malthusian regime was existed during 1900-1994 periods in the world economy. Even each country had experienced such regime in its own economic growth path. However, the population drastically decreased and output upsurged since 1995, Malthusian regime had not been revealed any more since then. Such phenomenon is mainly resulted from the output is rather increased geometrically when the population is decreased because of a social reason such as decreasing in fertility rate. In addition to this, the population contributes to the production not by a quantity but a quality which is embodied by capital. Particularly, when the population which is associated with demand side is counted, the population is said to be evolved continuously in economy.
Keywords
Malthusian Regime; Panel Granger Causality Analysis; Panel OLS; Population and Yield;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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