Please use this identifier to cite or link to this item:
Title: Does demographic change affect the current account? A reconsideration?
Authors: Graff, M.
Tang, K.K.
Zhang, J. 
Keywords: Ageing
Current account
General equilibrium
Issue Date: Nov-2012
Citation: Graff, M., Tang, K.K., Zhang, J. (2012-11). Does demographic change affect the current account? A reconsideration?. Global Economy Journal 12 (4) : -. ScholarBank@NUS Repository.
Abstract: This paper re-examines the impact of demographic factors on the current account balance. To this end, we develop an analytical framework that is more general than the one commonly used in the literature in three aspects. First, it accounts for the facts that the world current account balance must be equal to zero. Second, a bigger economy will have greater impacts on others, but be influenced less by them. Third, a more open economy will have greater impacts on others and at the same time be more readily influenced by them. We then confront two alternative empirical specifications based on both the new and the conventional framework with a panel of data. In contrast to the findings based on the conventional framework, our results with the new framework indicate that population ageing does not appear to have discernible impacts on the current account balance. Copyright © 2012 De Gruyter. All rights reserved.
Source Title: Global Economy Journal
ISSN: 15245861
DOI: 10.1515/1524-5861.1885
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.


checked on Nov 30, 2020

Page view(s)

checked on Nov 28, 2020

Google ScholarTM



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.