Population Aging and International Capital Flows

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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Year of publication:	2004
Authors:	Floden, Martin ; Domeij, David
Institutions:	Society for Economic Dynamics - SED
Subject:	current account \| international capital mobility \| demographics \| Feldstein-Horioka puzzle

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Series:	2004 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Society for Economic Dynamics 2004 Number 490
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; F21 - International Investment; Long-Term Capital Movements ; F41 - Open Economy Macroeconomics ; F47 - Forecasting and Simulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005069459