Please use this identifier to cite or link to this item: https://doi.org/10.1515/1524-5861.1885
Title: Does demographic change affect the current account? A reconsideration?
Authors: Graff, M.
Tang, K.K.
Zhang, J. 
Keywords: Ageing
Current account
Demography
General equilibrium
Openness
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. https://doi.org/10.1515/1524-5861.1885
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
URI: http://scholarbank.nus.edu.sg/handle/10635/124331
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.

Page view(s)

31
checked on Sep 6, 2019

Google ScholarTM

Check

Altmetric


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