Population aging and international capital flows

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.

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Year of publication:	2003
Authors:	Domeij, David ; Floden, Martin
Publisher:	Stockholm : Stockholm School of Economics, The Economic Research Institute (EFI)
Subject:	Kapitalmobilität \| Leistungsbilanz \| Demographie \| Theorie \| current account \| international capital mobility \| demographics \| Feldstein-Horioka puzzle

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Series:	SSE/EFI Working Paper Series in Economics and Finance ; 539
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	37210245X [GVK] 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:	EconStor

Persistent link: https://www.econbiz.de/10010281362