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Economic Implications of China's Demographics in the 21st Century
Cheng, Kevin C. - International Monetary Fund (IMF) - 2003
This study assesses the economic implications of China's changing population in the 21st century using a numerical general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility rates reduce the future supply of labor, capital will...
Persistent link: https://www.econbiz.de/10005825867
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Demographic Change in Asia; The Impacton Optimal National Saving, Investment, and the Current Account
McDonald, Ian; Bésanger, Serge; Guest, Ross - International Monetary Fund (IMF) - 2000
This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach. These calculations show the sensitivity of...
Persistent link: https://www.econbiz.de/10005826103
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China’s Demography and its Implications
Lee, Il Houng; Qingjun, Xu; Syed, Murtaza H. - International Monetary Fund (IMF) - 2013
reassess national savings behavior, with greater prominence and more careful consideration given to the role played by changing … literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should … decades, individual countries’ convergence toward the simulated savings pattern will be influenced by their past divergences …
Persistent link: https://www.econbiz.de/10011142029
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Population Aging in Japan; Demographic Shock and Fiscal Sustainability
Mühleisen, Martin; Faruqee, Hamid - International Monetary Fund (IMF) - 2001
The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are...
Persistent link: https://www.econbiz.de/10005769220
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Would Saving U.S. Social Security Raise National Saving?
Walliser, Jan - International Monetary Fund (IMF) - 1999
Analysts agree that raising national saving is one of the key objectives of social security reform in the United States. Hence, to judge the merits of proposals requires a comparison of saving responses. The paper outlines the difficulties involved in making those comparisons, which arise from...
Persistent link: https://www.econbiz.de/10005771367
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Northern Star; Canada's Path to Economic Prosperity
Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
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What Determines Bond Market Development in Sub-Saharan Africa?
Adelegan, Olatundun Janet; Radzewicz-Bak, Bozena - International Monetary Fund (IMF) - 2009
finds that the savings constraint is a key impediment to domestic bond markets development as well as financial market …
Persistent link: https://www.econbiz.de/10008559281
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The Role of Domestic Debt Markets in Economic Growth; An Empirical Investigation for Low-Income Countries and Emerging Markets
Abbas, S. M. Ali; Christensen, Jakob - International Monetary Fund (IMF) - 2007
/accountability; and enhanced private savings and financial intermediation. There is some evidence that, above a ratio of 35% percent of …
Persistent link: https://www.econbiz.de/10005768875
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The Determinants of Stock Market Development in Emerging Economies; Is South Africa Different?
Yartey, Charles Amo - International Monetary Fund (IMF) - 2008
This paper examines the institutional and macroeconomic determinants of stock market development using a panel data of 42 emerging economies for the period 1990 to 2004. The paper finds that macroeconomic factors such as income level, gross domestic investment, banking sector development,...
Persistent link: https://www.econbiz.de/10005263854
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Pressing the Indian Growth Accelerator: Policy Imperatives
Mohan, Rakesh; Kapur, Muneesh - International Monetary Fund (IMF) - 2015
India’s real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the acceleration of investment in transport and...
Persistent link: https://www.econbiz.de/10011242441