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DP4644
Population Ageing and International Capital Flows
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Publication Date:
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September 2004
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JEL(s):
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E22
, F21
, F41
, F47
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Link to this Page:
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www.cepr.org/pubs/dps/DP4644.asp
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We use the neoclassical growth framework to model international capital flows in a world with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries, in particular after 1985.
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