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Proceedings of 5th Annual American Business Research Conference 6 - 7 June, 2013, Sheraton LaGuardia East Hotel, NY, USA, ISBN: 978-1-922069-24-5 Does Population Gap affect GSP Gap? A Case Study from US ‘Mid-West’ Rita Ray1 The population of ‘Mid - West’ was higher than the population of the rest of US (‘Non Mid-West’) until 1992. From 1994 the population of ‘MidWest’ started to fall behind the rest of the US. This trend is also true for the real gross domestic product (GDP) by state. Real gross domestic product of ‘Mid-West’ was higher for the rest of the US until 1989. From 1990 it became lower than the rest of the US and this gap is increasing over time. Using the data for fifty one states in US between 1972 and 2010, this paper examines the effect of population on real gross domestic product. This paper finds that increasing gap of population between ‘MidWest’ and the rest of the US is positively contributing to the increasing gap of real state domestic product between ‘Mid-West’ and the rest of the US. JEL Classification: E24, J21, J62, O40, O51 1 Assistant Professor, Department of Economics and Management, Gustavus Adolphus College, St Peter, MN 56082. E-mail: [email protected]
