Article ID Journal Published Year Pages File Type
5086429 Japan and the World Economy 2008 21 Pages PDF
Abstract
This paper empirically investigates the macroeconomic effects of demographic changes, focusing on saving rates and current account balances. The econometric investigation based on the panel VAR model shows substantial demographic effects on national saving rates and current account balances in the major advanced (G-7) countries. An increase in the dependency rate significantly lowers saving rates, especially public saving rates. Further, a higher dependency rate significantly worsens current account balances.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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