Demographic changes, saving, and current account: An analysis based on a panel VAR model
作者： Soyoung Kim , Jong-Wha Lee
DOI: 10.1016/J.JAPWOR.2006.11.005
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摘要: Abstract This paper empirically investigates the macroeconomic effects of demographic changes, focusing on saving rates and current account balances. The econometric investigation based panel VAR model shows substantial national balances in major advanced (G-7) countries. An increase dependency rate significantly lowers rates, especially public rates. Further, a higher worsens
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