Demographic Change in Asia : The Impacton Optimal National Saving, Investment, and the Current Account /

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...

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Bibliographic Details
Main Author: McDonald, Ian
Other Authors: Besanger, Serge, Guest, Ross
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/115
Online Access:Full text available on IMF
Description
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.
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Physical Description:1 online resource (42 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Access:Electronic access restricted to authorized BRAC University faculty, staff and students