Population Change and Economic Growth Research Paper

Population Change and Economic Growth - Research Paper ExampleThe instantaneous rate of gain of GDP is expressed as the center of rates of growth of variables on the right hand side of the above equation hence, logarithms are introduced in the equation. The rate of GDP per capita is thus expressed asThe base data for the study are taken from Statistics Canada National Income and Expenditure Accounts for GDP (available from 1961), and the universe series from the Statcan (available from 1971). Both data series have been prolonged backwards from 1951 using old-onto-new splicing. The labor force source population, as defined in the labor force survey, is the non-institutional population of 15 years of age, or older. establish on the growth rate equation defined above, the data for half a century has been generated for historical analysis, and with which forecasts have been compared.Historical trends indicate that GDP growth rate was highest in 1960s touching 5.2%, and lowest in 1980s at 2.33%. The study forecasted GDP for 2001-2011 as 2.52, which is quite near to the actual of 2.7%, as reported in the World Fact Book for Canada (2008).A high GDP growth rate in 1960s is explained by the fact that featherbed boomers along with augmented female participation added to the manpower. During 1980s it is worth noting that both the labor workforce and employment rate declined.It is also of interest to note that the population growth along with labor force source population continued to decline since 1950s. By 1980s, the inflow of younger people joining the labor workforce and the participation rate of older people declined. The net immigration