Abstract:
We use the neoclassical growth framework to model international capital flows in a world with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries, in particular after 1985
More papers in 2004 Meeting Papers from Society for Economic Dynamics Address: Society for Economic Dynamics Anne Stubing CV Starr Center for Applied Economics 269 Mercer Street, Room 303 New York University New York, NY 10003 Contact information at EDIRC. Series data maintained by Christian Zimmermann ().
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