Limit search to available items
Book Cover
E-book
Author Batini, Nicoletta, author.

Title The global impact of demographic change / prepared by Nicoletta Batini, Tim Callen, and Warwick McKibbin
Published [Washington, D.C.] : International Monetary Fund, Research Dept., 2006

Copies

Description 1 online resource (34 pages) : illustrations
Series IMF working paper ; WP/06/9
IMF working paper ; WP/06/9.
Contents Contents -- I. INTRODUCTION -- II. SOME BACKGROUND ON GLOBAL DEMOGRAPHIC CHANGE -- III. MODELING THE ECONOMIC IMPACT OF DEMOGRAPHIC CHANGE -- IV. HOW WILL DEMOGRAPHIC CHANGE AFFECT THE GLOBAL ECONOMY? -- V. SENSITIVITY ANALYSIS -- VI. CONCLUSIONS AND POLICY IMPLICATIONS -- Appendix: The Analytical Approach -- References
Summary The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world using a dynamic intertemporal general equilibrium four-country model containing demographics calibrated to the "medium variant" of the United Nations population projections. We find that population aging in industrial countries will reduce aggregate growth in these regions over time, but should boost growth in developing countries over the next 20-30 years, as the relative size of their workingage populations increases. Demographic change will also affect saving, investment, and capital flows, implying changes in global trade balances and asset prices. We also explore the sensitivity of the results to assumptions about future productivity growth and country external risk for the developing country region
Bibliography Includes bibliographical references (pages 31-34)
Notes Print version record
Subject Demography -- Econometric models
Population -- Economic aspects -- Econometric models
Aging -- Economic aspects -- Econometric models
Saving and investment -- Econometric models
Capital movements -- Econometric models
Capital movements -- Econometric models
Demography -- Econometric models
Population -- Economic aspects -- Econometric models
Saving and investment -- Econometric models
Form Electronic book
Author McKibbin, Warwick J., 1957- author.
Callen, Tim, author.
ISBN 1283518198
9781283518192
9781451908053
1451908059