Population aging and international capital flows

Arbeitspapier

We use the neoclassical growth framework to model international capital flows in an economy with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries, in particular after 1985.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: SSE/EFI Working Paper Series in Economics and Finance ; No. 539

Classification and Topics

• Classification: Wirtschaft ; Investment; Capital; Intangible Capital; Capacity ; International Investment; Long-term Capital Movements ; Open Economy Macroeconomics ; Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation: Models and Applications
• Subject: current account ; international capital mobility ; demographics ; Feldstein-Horioka puzzle ; Kapitalmobilität ; Leistungsbilanz ; Demographie ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Domeij, David ; Floden, Martin
• Event: Veröffentlichung
• (who): Stockholm School of Economics, The Economic Research Institute (EFI)
• (where): Stockholm
• (when): 2003

Further information

• Handle: http://hdl.handle.net/10419/56288
• Last update: 10.03.2025, 11:42 AM CET