Demographic Change in Asia: The Impacton Optimal National Saving, Investment, and the Current Account
June 1, 2000
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Summary
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 results to changing demographic structures on employment participation, labor productivity; and consumption demands. In particular, the simulations reveal that variations in prospective demographic change across economies cause considerable variations in the patterns of optimal national saving rates.
Subject: Aging, Consumption, Demographic change, Labor productivity, National accounts, Population and demographics, Production
Keywords: Aging, Consumption, consumption demand, consumption weight, consumption-smoothing effect, Current Account Balance, Demographic change, Demography, Europe, Investments, Labor productivity, national saving, ratio, saving, saving pattern, saving performance, saving rate decrease, saving ratio, Savings, support ratio, wealth-consumption ratio, WP
Pages:
42
Volume:
2000
DOI:
Issue:
115
Series:
Working Paper No. 2000/115
Stock No:
WPIEA1152000
ISBN:
9781451853858
ISSN:
1018-5941
