In general, population changes are assumed to have a powerful impact on economic growth. In the literature the
relationship between population changes and economic growth has been widely investigated by economists, demographers
and social scientists. However, there is continuing debate about the effects of demographic changes on economic growth.
The debate revolves around two distinct views: those who believe population changes restrict economic growth (Barro,
1991; Mankiw et al., 1992; Solow, 1956; Mason, 1988; Smith, 1776) and those who believe it promotes economic growth