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Population Aging and International Capital Flows

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Author Info
Martin Floden
David Domeij

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Abstract

We use the neoclassical growth framework to model international capital flows in a world with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries, in particular after 1985

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Publisher Info
Paper provided by Society for Economic Dynamics in its series 2004 Meeting Papers with number 490.

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Date of creation: 2004
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Handle: RePEc:red:sed004:490

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Related research
Keywords: current account; international capital mobility; demographics; Feldstein-Horioka puzzle;

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Find related papers by JEL classification:
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation

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This page was last updated on 2009-11-5.


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