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"This paper addresses the relationship between age distributions, national savings and the current account balance. The results point to substantial demographic effects, with increases in both the youth and old-age dependency ratios associated with lower savings rates. They also point to differential effects on savings and investment, and thus to a role for demography in determining the current account balance. The estimated demographic effect on the current account balance exceeds six percent of GDP over the last three decades for a number of countries and, given expected demographic trends, is likely to be substantially larger over the coming decades"--Federal Reserve Bank of New York web site.
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Edition | Availability |
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Demography, national savings and international capital flows
1997, Federal Reserve Bank of New York
Electronic resource
in English
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Book Details
Edition Notes
Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 2/1/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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