Demographic Change in Asia: the Impact on Optimal National Saving, Investment and the Current Account

Ross Guest () and Ian McDonald ()

No 726, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: By simulating a model of the optimal level of saving in a small open economy, this paper calculates the levels of optimal national saving, investment and the current account balance for five Asian countries, Hong Kong, Japan, Singapore, Malaysia and Philippines, for the period from 1997 to 2050. The calculations focus on the implications of making allowance for the changing demographic structure of the population on employment participation, labour productivity and consumption demands. The simulations show that variations in prospective demographic change across countries cause considerable variations in the patterns of their optimal rates of national saving, reinforcing the idea that evaluations of a country's performance on saving should take account of the prospective demographic structure of its population.

Keywords: DEMOGRAPHY; ASIA; INVESTMENTS; INTERNATIONAL ECONOMY (search for similar items in EconPapers)
JEL-codes: E22 E60 F21 F32 J11 (search for similar items in EconPapers)
Pages: 46 pages
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (4)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:mlb:wpaper:726

Access Statistics for this paper

More papers in Department of Economics - Working Papers Series from The University of Melbourne Department of Economics, The University of Melbourne, 4th Floor, FBE Building, Level 4, 111 Barry Street. Victoria, 3010, Australia. Contact information at EDIRC.
Bibliographic data for series maintained by Dandapani Lokanathan ().