Demographic changes, saving, and current account: An analysis based on a panel VAR model

被引：28

作者：

Kim, Soyoung ^{[1
]}

Lee, Jong-Wha ^{[1
,2
]}

机构：

[1] Korea Univ, Dept Econ, Seoul 136701, South Korea

[2] Australian Natl Univ, Res Sch Pacific & Asian Studies, Canberra, ACT 0200, Australia

来源：

JAPAN AND THE WORLD ECONOMY | 2008年 / 20卷 / 02期

关键词：

demographic changes; saving; current account; panel VAR;

D O I：

10.1016/j.japwor.2006.11.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper empirically investigates the macroeconomic effects of demographic changes, focusing on saving rates and current account balances. The econometric investigation based on the panel VAR model shows substantial demographic effects on national saving rates and current account balances in the major advanced (G-7) countries. An increase in the dependency rate significantly lowers saving rates, especially public saving rates. Further, a higher dependency rate significantly worsens current account balances. (c) 2006 Elsevier B.V. All rights reserved.

引用

页码：236 / 256

页数：21

共 31 条

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