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dc.contributor.authorGuest, Rossen_US
dc.contributor.editorKenneth Chan and Yin-Wong Cheungen_US
dc.date.accessioned2017-04-04T14:57:02Z
dc.date.available2017-04-04T14:57:02Z
dc.date.issued2011en_US
dc.date.modified2012-02-14T04:02:33Z
dc.identifier.issn14680106en_US
dc.identifier.doi10.1111/j.1468-0106.2011.00553.xen_US
dc.identifier.urihttp://hdl.handle.net/10072/42518
dc.description.abstractThis paper analyses the implications of population ageing for the capital intensity of output and, therefore, labour productivity. Population ageing leads to sectoral shifts in demand for goods and services. If such shifts occur between goods that differ in their capital intensity, there will be a change in the average capital intensity of the economy and, therefore, in average labour productivity. In order to gauge the magnitudes of such effects, the present paper reports simulations of a calibrated model with two final goods and two intermediate goods, using data for two Pacific Rim countries for comparison: the United States and Australia. The data for these countries suggest that population ageing will, on average, shift expenditure towards goods with a relatively high capital intensity. The magnitude of the increase in labour productivity according to the simulations is likely to be small, but perhaps not trivial: in the order of 1-4% per annum by 2050. This might partially offset the negative effect of ageing on living standards.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.languageEnglishen_US
dc.publisherWiley-Blackwell Publishing Asiaen_US
dc.publisher.placeAustraliaen_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofpagefrom371en_US
dc.relation.ispartofpageto388en_US
dc.relation.ispartofissue3en_US
dc.relation.ispartofjournalPacific Economic Reviewen_US
dc.relation.ispartofvolume16en_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchMacroeconomics (incl. Monetary and Fiscal Theory)en_US
dc.subject.fieldofresearchcode140212en_US
dc.titlePopulation Ageing, Capital Intensity and Labour Productivityen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2011
gro.hasfulltextNo Full Text


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