Please use this identifier to cite or link to this item: https://doi.org/10.1515/1524-5861.1885
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dc.titleDoes demographic change affect the current account? A reconsideration?
dc.contributor.authorGraff, M.
dc.contributor.authorTang, K.K.
dc.contributor.authorZhang, J.
dc.date.accessioned2016-06-01T10:14:00Z
dc.date.available2016-06-01T10:14:00Z
dc.date.issued2012-11
dc.identifier.citationGraff, 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
dc.identifier.issn15245861
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/124331
dc.description.abstractThis 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1515/1524-5861.1885
dc.sourceScopus
dc.subjectAgeing
dc.subjectCurrent account
dc.subjectDemography
dc.subjectGeneral equilibrium
dc.subjectOpenness
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1515/1524-5861.1885
dc.description.sourcetitleGlobal Economy Journal
dc.description.volume12
dc.description.issue4
dc.description.page-
dc.identifier.isiut000442216600004
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