Demographic factors as determinants of external balances

James Wabenga Yango, Benoit Carmichael and Kevin Moran

MPRA Paper from University Library of Munich, Germany

Abstract: This paper develops, solves and calibrate a dynamic general equilibrium model to examine the effect of demographic factors on the external balance of countries. This is quite an advanced multi-country model with different age structures across country. I find that this different age structure has a large impact on savings, resulting in poorer countries having large external balance surpluses whilst more developed countries will have large deficits.

Keywords: Demographics; Macroeconomics; International Economics (search for similar items in EconPapers)
JEL-codes: E43 F44 J11 (search for similar items in EconPapers)
Date: 2016-05
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:71687

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