EconPapers    
Economics at your fingertips  
 

Demographic change, national saving and international capital flows

Weifeng Larry Liu

No 333413, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper explores the impacts of demographic change on national saving and international capital flows. Introducing demographic structure and pension systems into a four-stage overlapping-generation model of a small open economy, the paper derives analytical solutions which link a wide range of factors to national saving and the current account. This framework enables tractable analysis of the effects of various demographic shocks on national saving and external balances, and also of the interaction between demographic shocks and productivity growth and pension systems. The demographic impacts on national saving and capital flows depend on the nature of demographic shocks (fertility or mortality; transitory, permanent or persistent) and on the stage of demographic shocks, as well as productivity growth and pension structure.

Keywords: International Relations/Trade; International Relations/Trade (search for similar items in EconPapers)
Pages: 40
Date: 2022
New Economics Papers: this item is included in nep-age, nep-dem, nep-dge, nep-gro and nep-opm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/333413/files/11268.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333413

Access Statistics for this paper

More papers in Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).

 
Page updated 2024-12-28
Handle: RePEc:ags:pugtwp:333413