This paper applies a simulation model to identify the impact of prospective demographic change on average living standards over the next 50 years in each of 12 Asia-Pacific countries. The impact on living standards depends on the country's stage of demographic transition. For countries that are...

This paper applies a two good, multi-region Ramsey-Solow model of the world economy to determine the impact that alternative world fertility rates would have on international capital markets and living standards. Notable features of the model include: relative consumption demands and relative...