Trade surpluses and life-cycle saving behaviour

被引：30

作者：

Herbertsson, TT

Zoega, G

机构：

[1] Univ Iceland, Inst Econ Studies, IS-101 Reykjavik, Iceland

[2] Univ London, Birkbeck Coll, Dept Econ, London W1P 2LL, England

来源：

ECONOMICS LETTERS | 1999年 / 65卷 / 02期

关键词：

life-cycle saving; age structure; current accounts; twin-deficit;

D O I：

10.1016/S0165-1765(99)00148-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The national-income account identity and the life-cycle theory of consumption together imply that the current account should be a function of the age structure. A country with a high proportion of young and retired should have current account deficits. Using a panel of 84 countries, we find empirical support for this hypothesis. (C) 1999 Elsevier Science S.A. All rights reserved. JEL classification: F41; F32.

引用

页码：227 / 237

页数：11

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