Population aging and international capital flows

David Domeij and Martin Floden

We use the neoclassical growth framework to model international capital flows in an economy 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. -- current account ; international capital mobility ; demographics ; Feldstein-Horioka puzzle

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Year of publication:	Oct. 2003 ; [Elektronische Ressource]
Other Persons:	Domeij, David (contributor) ; Flodén, Martin (contributor)
Institutions:	Ekonomiska forskningsinstitutet <Stockholm> (contributor)
Publisher:	Stockholm : Ekonomiska Forskningsinst.
Subject:	Feldstein-Horioka Paradox \| Kapitalmobilität \| Capital mobility \| Leistungsbilanz \| Current account \| Demographie \| Demography \| Theorie \| Theory

Extent:	Online-Ressource (PDF-Datei: 11, [7] S., 323 KB) graph. Darst.
Series:	SSE EFI working paper series in economics and finance. - Stockholm : [Verlag nicht ermittelbar], ISSN 1402-9928, ZDB-ID 2544040-8. - Vol. 539
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	nBibliography Systemvoraussetzungen: Acrobat reader
Other identifiers:	hdl:10419/56288 [Handle]
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; F21 - International Investment; Long-Term Capital Movements ; F41 - Open Economy Macroeconomics ; F47 - Forecasting and Simulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10001801345