Population Change and Economic Growth Research Paper

Population Change and Economic Growth - Research composition ExampleThe instantaneous direct of harvest-tide of gross domestic product is expressed as the sum 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 uptake Accounts for GDP (available from 1961), and the population series from the Statcan (available from 1971). Both data series have been extended backwards from 1951 use 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. Based 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 naughtyest in 1960s touchi ng 5.2%, and lowest in 1980s at 2.33%. The study forecasted GDP for 2001-2011 as 2.52, which is rather 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 baby boomers along with augment female participation added to the workforce. During 1980s it is worth noting that both the labor workforce and employment rate declined.It is as well of interest to note that the population growth along with labor force source population move 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