Global Demographic Trends, Capital Mobility, Saving and Consumption in Latin America and the Caribbean (LAC)

Orazio P. Attanasio, Andrea Bonfatti, Sagiri Kitao and Guglielmo Weber

No 6945, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper studies the effect of demographic transitions on the economy of Latin America and the Caribbean (LAC). The paper builds a model of multi-regions of the world and derives the path of macroeconomic variables including aggregate output, capital, labor and the saving rate as economies face a rapid shift in demographics. The timing and the extent of the demographic transition differ across regions. The model is simulated under both closed economy and open economy assumptions to quantify the roles played by factor mobility across regions in shaping capital accumulation and equilibrium factor prices.

Keywords: Latin America and the Caribbean (LAC); Capital flows; Demographic trends (search for similar items in EconPapers)
JEL-codes: E21 F21 F41 J11 (search for similar items in EconPapers)
Date: 2015-05
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:6945

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