Template-type: ReDIF-Paper 1.0
Author-Name: Azomahou, Theophile
Author-Email: azomahou@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Author-Name: Mishra, Tapas
Author-Email: t.k.mishra@swansea.ac.uk
Author-Workplace-Name: School of Business and Economics, University of Wales
	 Swansea
Title: Stochastic environmental effects, demographic variation, and economic growth
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. 
Classification-JEL: C13, J11, O47
Keywords: Environmental Quality, Long-memory, Demographic Dynamics, Economic Growth 
Series: UNU-MERIT Working Papers
Creation-Date: 2009
Number: 2009-016
File-URL: https://unu-merit.nl/publications/wppdf/2009/wp2009-016.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2009016