Age structure dynamics in Asia and dependence on foreign capital

Population and Development Review

Volumn 23, Issue 2, 1997, Pages 261-293

  Higgins, Matthew ^a   Williamson, Jeffrey G ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

AGE STRUCTURE; CAPITAL ACCUMULATION; DEVELOPING REGION; FOREIGN CAPITAL; HOUSEHOLD INCOME; HOUSHOLD INCOME; SAVING RATES; SAVINGS RATE; WELFARE ECONOMICS; YOUTH DEPENDENCY;

ASIA;

EID: 0031410668     PISSN: 00987921     EISSN: None     Source Type: Journal    
DOI: 10.2307/2137546     Document Type: Article

References (56)

1. Auerbach, Alan and Laurence Kotlikoff. 1992. "The impact of the demographic transition on capital formation," Scandinavian Journal of Economics 94, no. 2: 281-295.
2. Barro, Robert. 1992. "World interest rates and investment," Scandinavian Journal of Economics 94, no. 2: 323-342.
3. Barro, R. and J. Lee. 1994. Data Set for a Panel of 138 Countries. Available on diskette from R. Barro, Harvard University, or via FTP from the NBER.
4. Blanchard, Oliver and Stanley Fischer. 1988. Lectures on Macroeconomics. Cambridge, MA: MIT Press.
5. Borsch-Supan, Axel. 1996. "The impact of population ageing on savings, investment and growth in the OECD area," in Future Global Capital Shortages: Real Threat or Pure Fiction? Paris: OECD.
6. Cass, David. 1965. "Optimum growth in an aggregative model of capital accumulation," Review of Economic Studies 32: 233-240.
7. Coale, Ansley J. and Edgar M. Hoover. 1958. Population Growth and Economic Development in Low-Income Countries. Princeton: Princeton University Press.
8. Collins, Susan. 1991. "Saving behavior in ten developing countries," in Douglas Bernheim and John Shoven (eds.), National Saving and Economic Performance, pp. 349-373. Chicago: University of Chicago Press.
9. Cutler, David, James Poterba, Louise Scheiner, and Lawrence Summers. 1990. "An aging population: Opportunity or challenge?" Brookings Papers on Economic Activity, No. 1.
10. Davidson, Russell and James MacKinnon. 1993. Estimation and Inference in Econometrics. New York: Oxford University Press.
11. Deaton, Angus and Christina Paxson. 1995. "Saving, inequality and aging: An East Asia perspective," Asia-Pacific Economic Review 1, no. 1: 7-19.
12. Edelstein, Michael. 1982. Overseas Investment in the Age of High Imperialism. London: Muthuen.
13. Fair, Ray and Kathryn Dominguez. 1991. "Effects of the changing U.S. age distribution on macroeconomic equations," American Economic Review 81, no. 5: 1276-1294.
14. Feldstein, Martin and C. Horioka. 1980. "Domestic saving and international capital flows," Economic Journal 90 (June): 314-329.
15. Feldstein, Martin and P. Bacchetta. 1991. "National saving and international investment," in Douglas Bernheim and John Shoven (eds.), National Saving and Economic Performance, pp. 201-224. Chicago: University of Chicago Press.
16. Fogel, Robert. 1991. "The conquest of high mortality and hunger in Europe and America: Timing and mechanism," in Patrice Higonnet, David Landes, and Henry Rosovsky (eds.), Favorites of Fortune, pp. 33-72. Cambridge, MA: Harvard University Press.
17. Frankel, Jeffrey. 1991. "Quantifying international capital mobility in the 1980's," in Douglas Bernheim and John Shoven (eds.), National Saving and Economic Performance, pp. 227-265. Chicago: University of Chicago Press.
18. Fry, Maxwell and Andrew Mason. 1982. "The variable rate-of-growth effect in the life-cycle saving model: Children, capital inflows, interest and growth in a new specification of the life-cycle model applied to seven Asian developing countries," Economic Inquiry 20 (July): 426-442.
19. Goldberger, Arthur. 1973. "Dependency rates and savings rates: Further comment," American Economic Review 63, no. 1: 232-233.
20. Greene, William. 1993. Econometric Analysis. New York: Macmillan.
21. Hammer, Jeffrey. 1986. "Population growth and savings in LDCs: A survey," World Development 14, no. 5: 579-591.
22. Haveman, Robert and Barbara Wolfe. 1995. "The determinants of children's attainments: A review of methods and findings," Journal of Economic Literature 33, no. 4: 1829-1878.
23. Heston, Alan and Robert Summers. 1995. Penn World Tables (Mark 5.6), on diskette. Available from the National Bureau of Economic Research, Cambridge, MA.
24. Higgins, Matthew. 1994. "The demographic determinants of savings, investment and international capital flows," Ph.D. dissertation, Harvard University.
25. _. 1997. "Demography, national savings and international capital flows," International Economic Review, forthcoming.
26. Higgins, Matthew and Jeffrey G. Williamson. 1996. "Asian demography and foreign capital dependence," NBER Working Paper No. 5560, National Bureau of Economic Research, Cambridge, MA.
27. Hsiao, Cheng. 1986. Analysis of Panel Data. Cambridge: Cambridge University Press.
28. International Monetary Fund. 1995. International Financial Statistics, on magnetic tape. Washington, D.C.: International Monetary Fund.
29. Judson, Ruth and Anne Owen. 1997. "Estimating dynamic panel data models: A practical guide for macroeconomists," Finance and Economics Discussion Series, Federal Reserve Board, Washington, D.C.
30. Kang, Kenneth. 1994. "Why did Koreans save so little and why do they now save so much?" International Economic Journal 8, no. 4: 99-111.
31. Kelley, Allen C. 1988. "Economic consequences of population change in the third world," Journal of Economic Literature 26, no. 4: 1685-1728.
32. Kelley, Allen C. and Robert M. Schmidt. 1995. "Aggregate population and economic growth correlations: The role of the components of demographic change," Demography 32: 543-555.
33. _. 1996. "Saving, dependency and development," Journal of Population Economics 9: 365-386.
34. Lee, Ronald, Andrew Mason, and Tim Miller. 1997. "Saving, population and economic growth in East Asia," paper presented at the Conference on Population and the East Asian Economic Miracle, East-West Center, Honolulu (7-10 January).
35. Leff, Nathaniel. 1969. "Dependency rates and savings rates," American Economic Review 59, no. 5: 886-896.
36. Mason, Andrew. 1987. "National saving rates and population growth: A new model and new evidence," in D. Gale Johnson and Ronald D. Lee (eds.), Population Growth and Economic Development: Issues and Evidence, pp. 523-560. Madison: University of Wisconsin Press.
37. _. 1988. "Saving, economic growth, and demographic change," Population and Development Review 14, no. 1: 113-144.
38. Masson, Paul. 1990. "Long-term macroeconomic effects of aging populations," Finance and Development 27: 6-9.
39. Mitchell, B. R. 1978. European Historical Statistics, 1750-1975. New York: Facts on File.
40. _. 1983. International Historical Statistics: The Americas and Australasia. Detroit: Gale Research.
41. _. 1992. International Historical Statistics: Europe 1750-1988, 3rd ed. New York: Stockton Press.
42. Obstfeld, Maurice. 1986. "Capital mobility in the world economy: Theory and measurement," Carnegie-Rochester Conference Series on Public Policy 24: 55-104.
43. Phelps, E. S. 1968. "Population increase," Canadian Journal of Economics 1, no. 3: 497-518.
44. Ram, Rati. 1982. "Dependency rates and aggregate savings: A new international cross-section study," American Economic Review 72, no. 3: 537-544.
45. Republic of China. Statistical Yearbook of the Republic of China, various issues. Taipei: Republic of China.
46. Sachs, J. and A. Warner. 1995. "Economic reform and the process of global integration," Brookings Papers on Economic Activity, No. 1.
47. Solow, Robert. 1956. "A contribution to the theory of economic growth," Quarterly Journal of Economics 70, no. 1: 65-94.
48. Taylor, Alan. 1995. "Debt, dependence and the demographic transition: Latin America in to the next century," World Development 23, no. 5: 869-879.
49. Taylor, Alan and Jeffrey G. Williamson. 1994. "Capital flows to the New World as an intergenerational transfer," Journal of Political Economy 102, no. 2: 348-369.
50. Tobin, James. 1967. "Life-cycle savings and balanced economic growth," in William Fellner (ed.), Ten Essays in the Tradition of Irving Fischer. New York: Wiley Press.
51. United Nations. 1992. The Sex and Age Distribution of the World Populations: The 1992 Revision. New York.
52. Urga, Giovanni. 1992. "The econometrics of panel data: A selective introduction," Oxford University Institute of Economics and Statistics discussion paper.
53. Webb, Steven and Heidi Zia. 1990. "Lower birth rates = higher saving in LDCs," Finance and Development 27: 12-14.
54. Williamson, Jeffrey G. 1979. "Why do Koreans save 'so little'?" Journal of Development Economics 6, no. 3: 343-362.
55. _. 1993. "Human capital deepening, inequality, and demographic events along the Asia Pacific Rim," in Gavin Jones, Naohiro Ogawa, and Jeffrey G. Williamson (eds.), Human Resources and Development Along the Asia-Pacific Rim, pp. 129-158. Oxford: Oxford University Press.
56. _. 1996. "Globalization, convergence, and history," Journal of Economic History 56, no. 2: 277-306.