Demographic Change in Asia: The Impacton Optimal National Saving, Investment, and the Current Account
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Summary:
This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach. These calculations show the sensitivity of results to changing demographic structures on employment participation, labor productivity; and consumption demands. In particular, the simulations reveal that variations in prospective demographic change across economies cause considerable variations in the patterns of optimal national saving rates.
Series:
Working Paper No. 2000/115
Subject:
Aging Consumption Demographic change Labor productivity National accounts Population and demographics Production
English
Publication Date:
June 1, 2000
ISBN/ISSN:
9781451853858/1018-5941
Stock No:
WPIEA1152000
Pages:
42
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