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dc.titleGlobal Demographic Trends, Capital Mobility, Saving and Consumption in Latin America and the Caribbean (LAC)
dc.contributor.authorAttanasio, Orazio P.
dc.contributor.authorBonfatti, Andrea
dc.contributor.authorKitao, Sagiri
dc.contributor.authorWeber, Guglielmo
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageLatin America
dc.coverageThe Caribbean
dc.date.available2015-05-26T00:00:00
dc.date.issue2015-05-12T00:00:00
dc.description.abstractThis paper studies the effect of demographic transitions on the economy of Latin America and the Caribbean (LAC). The paper builds a model of multi-regions of the world and derives the path of macroeconomic variables including aggregate output, capital, labor and the saving rate as economies face a rapid shift in demographics. The timing and the extent of the demographic transition differ across regions. The model is simulated under both closed economy and open economy assumptions to quantify the roles played by factor mobility across regions in shaping capital accumulation and equilibrium factor prices.
dc.format.extent52
dc.identifier.doihttp://dx.doi.org/10.18235/0011697
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Global-Demographic-Trends-Capital-Mobility-Saving-and-Consumption-in-Latin-America-and-the-Caribbean-(LAC).pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectIncome, Consumption and Saving
dc.subjectInterest Rate
dc.subjectCapital Flow
dc.subject.jelcodeE21 - Consumption • Saving • Wealth
dc.subject.jelcodeF21 - International Investment • Long-Term Capital Movements
dc.subject.jelcodeF41 - Open Economy Macroeconomics
dc.subject.jelcodeJ11 - Demographic Trends, Macroeconomic Effects, and Forecasts
dc.subject.keywordsLatin America and the Caribbean (LAC);Capital flows;Demographic trends
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1344
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