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dc.contributor.authorGuest, Rossen_US
dc.contributor.authorM. McDonald, Ianen_US
dc.contributor.editorGlenn Otto, Paul Milleren_US
dc.date.accessioned2017-04-24T08:29:38Z
dc.date.available2017-04-24T08:29:38Z
dc.date.issued2004en_US
dc.date.modified2008-02-05T06:25:12Z
dc.identifier.issn00130249en_US
dc.identifier.doi10.1111/j.1475-4932.2004.00179.xen_AU
dc.identifier.urihttp://hdl.handle.net/10072/5330
dc.description.abstractThis paper applies a two good, multi-region Ramsey-Solow model of the world economy to determine the impact that alternative world fertility rates would have on international capital markets and living standards. Notable features of the model include: relative consumption demands and relative employment efficiencies that vary by age, traded and non-traded goods, vintage technology, outward-looking reference consumption, a proportion of non-optimising rule-of-thumb consumers and imperfect capital mobility due to asymmetric information. The model suggests that projected demographic change will imply a flow of international capital from the ageing regions to the younger regions; and that the world interest rate will fall. The lower world interest rate will cause a loss in living standards for ageing regions, the lenders, and a gain for the younger regions, who are borrowers.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent477853 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherBlackwell Publishing Asiaen_US
dc.publisher.placeAustraliaen_US
dc.publisher.urihttp://www.blackwellpublishing.com/en_AU
dc.relation.ispartofpagefrom1en_US
dc.relation.ispartofpageto12en_US
dc.relation.ispartofissueS1en_US
dc.relation.ispartofjournalThe Economic Recorden_US
dc.relation.ispartofvolume80en_US
dc.subject.fieldofresearchcode340208en_US
dc.titleEffect of world fertility scenarios on international living standardsen_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.rights.copyrightCopyright 2004 Blackwell Publishing. This is the author-manuscript version of the paper. Reproduced in accordance with the copyright policy of the publisher.en_AU
gro.date.issued2004
gro.hasfulltextFull Text


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