Working Paper BETA #2006-36

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Title : Age Dynamics and Economic Growth: Revisiting the Nexus in a Nonparametric Setting

Author(s) : Théophile Azomahou, Tapas Mishra

Abstract : This paper explores the relationship between the growth rates of per capita income and age- structured population in a non-parametric setting. Analysis in this framework provides us with new insights about the interaction structure: significant non-linear relation between the two and interesting ’direct’ and ’feedback’ effects on growth. Nonlinearity is found to be a major source of growth fluctuations in OECD and non-OECD countries.

Key-words : Age dynamics, Economic growth, Non-parametric panel.

JEL Classification : C23, J10, O47