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Macro Economic Growth Possible w/o Population Growth Long Term?
Posted on 6/7/18 at 9:53 am
Posted on 6/7/18 at 9:53 am
I have wondered about this from time to time - lately while pondering sustained 3% GDP growth.
Could a country/region experience long term (5+ years) economic growth without population growth over the same period? Would minimal housing starts be offset by another economic driver?
The presence of a precious natural resource might allow a country to do so. Also, unchanged/steady population while populations decrease in other countries across the globe might..?
Could a country/region experience long term (5+ years) economic growth without population growth over the same period? Would minimal housing starts be offset by another economic driver?
The presence of a precious natural resource might allow a country to do so. Also, unchanged/steady population while populations decrease in other countries across the globe might..?
3
Posted on 6/7/18 at 9:59 am to SwatMitchell
Fix the trade deficit.
Sell something the world needs better than they can do it themselves.
Easier said than done when other countries have cheaper labor and state sponsored enterprise.
But there is your GDP output without relying on housing.
Sell something the world needs better than they can do it themselves.
Easier said than done when other countries have cheaper labor and state sponsored enterprise.
But there is your GDP output without relying on housing.
Posted on 6/7/18 at 10:00 am to SwatMitchell
I wonder this kind of thing too. Is economic growth infinite on a finite earth?
I would think you could test by checking out countries that haven’t had much population growth and see if their gdp has grown over the same period.
I would think you could test by checking out countries that haven’t had much population growth and see if their gdp has grown over the same period.
Posted on 6/7/18 at 12:12 pm to SwatMitchell
quote:
The presence of a precious natural resource might allow a country to do so.
not likely
you'd need something to cause productivity to boom
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