Demographic Change in Asia: The Impact on Optimal National Saving, Investment, and the Current Account

43 Pages Posted: 1 Feb 2006

See all articles by Serge Besanger

Serge Besanger

affiliation not provided to SSRN

Ross S. Guest

Griffith University - School of Accounting and Finance - Gold Coast Campus

Date Written: June 2000

Abstract

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.

Keywords: Current Account Balance, Savings, Investments, Aging, Demography

JEL Classification: E17, E21, J11, O21

Suggested Citation

Besanger, Serge and Guest, Ross, Demographic Change in Asia: The Impact on Optimal National Saving, Investment, and the Current Account (June 2000). IMF Working Paper, Vol. , pp. 1-43, 2000. Available at SSRN: https://ssrn.com/abstract=879855

Serge Besanger (Contact Author)

affiliation not provided to SSRN

No Address Available

Ross Guest

Griffith University - School of Accounting and Finance - Gold Coast Campus ( email )

PMB 50 Gold Coast Mail Centre
9726 Queensland
Australia

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