Demographic Transition and Optimal Saving in Four Asian Countries
AbstractThis paper reports projections of the impact of prospective demographic change on the pattern of optimal national saving for four Asian countries: Philippines, Malaysia, Hong Kong and Singapore for the period from 2000 to 2050. The method is simulation of a Ramsey model of optimal saving for a small open economy with vintage capital. The simulations show that variations on prospective demographic change cause variations in the patterns of optimal rates of national saving, reinforcing the idea that evaluations of a country's saving performance should take account of its prospective demographic structure.
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Bibliographic InfoArticle provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).
Volume (Year): 34 (2004)
Issue (Month): 1 (March)
Find related papers by JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Guest, Ross S & McDonald, Ian M, 2001. "Ageing, Optimal National Saving and Future Living Standards in Australia," The Economic Record, The Economic Society of Australia, vol. 77(237), pages 117-34, June.
- David M. Cutler & James M. Poterba & Louise M. Sheiner & Lawrence H. Summers, 1990.
"An Aging Society: Opportunity or Challenge?,"
Brookings Papers on Economic Activity,
Economic Studies Program, The Brookings Institution, vol. 21(1), pages 1-74.
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