Secular Stagnation: An Introduction
Keywords:
Secular Stagnation, Economic Growth, FDI, Digital IndiaAbstract
This paper tries to establish empirical relevance for secular stagnation by analyzing the population change in developed regions and economic growth. The study runs with the details of a sample of 7 developed countries. A high positive relationship exists between population growth in developed regions and world per capita gross national income. Low and middle income countries have to consistently and favorably approach growth rate in population and technological advancement that require more consistent policy level initiatives considering the future falls due to secular stagnation.
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