Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5086429 | Japan and the World Economy | 2008 | 21 Pages |
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
Authors
Soyoung Kim, Jong-Wha Lee,