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Economic Implications of China's Demographics in the 21st Century

Cheng, Kevin C. - International Monetary Fund (IMF) - 2003

general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low … fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no …

Persistent link: https://www.econbiz.de/10005825867

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