Population Ageing and International Capital Flows

Martin Flodén and David Domeij

No 4644, CEPR Discussion Papers from Centre for Economic Policy Research

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.

Keywords: Current account; International capital mobility; Demographics; Feldstein-horioka puzzle (search for similar items in EconPapers)
JEL-codes: E22 F21 F41 F47 (search for similar items in EconPapers)
Date: 2004-09
New Economics Papers: this item is included in nep-dge and nep-mac
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: POPULATION AGING AND INTERNATIONAL CAPITAL FLOWS (2006)
Working Paper: Population Aging and International Capital Flows (2004)
Working Paper: Population Aging and International Capital Flows (2004)
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