Abstract:

Population growth has a significant impact on a country's economy. The importance of the relationship between population growth and economic growth is accepted by both growth theorists and development economists. However, the literature has no consensus on the relationship between population and economic growth. There are three different views on this issue. Some researchers argue that population positively affects economic growth, while others argue that the effect is negative. In some studies, no correlation was found between these two variables. In this article, the long-term and short-term correlation between population and economic growth, including life expectancy, inflation, and capital formation variables, is analyzed with ARDL bounds test analysis using annual data for the period 1968-2019, based on the case of Turkey. According to the research findings, while the population in Turkey affects economic growth negatively in the short term, it has a positive effect in the long term. The life expectancy and capital formation affect economic growth positively in the short and long run but the inflation variable has a negative effect in the long run.

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