Show simple item record

dc.contributor.authorGuest, RS
dc.contributor.authorMcDonald, IM
dc.contributor.editorGlenn Otto, Paul Miller
dc.date.accessioned2017-05-03T11:35:23Z
dc.date.available2017-05-03T11:35:23Z
dc.date.issued2004
dc.date.modified2008-02-05T06:25:12Z
dc.identifier.issn0013-0249
dc.identifier.doi10.1111/j.1475-4932.2004.00179.x
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.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent477853 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoen_AU
dc.publisherBlackwell Publishing Asia
dc.publisher.placeAustralia
dc.publisher.urihttp://www.blackwellpublishing.com/
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto12
dc.relation.ispartofissueS1
dc.relation.ispartofjournalThe Economic Record
dc.relation.ispartofvolume80
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchCommerce, Management, Tourism and Services
dc.subject.fieldofresearchcode14
dc.subject.fieldofresearchcode15
dc.titleEffect of world fertility scenarios on international living standards
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2004 Blackwell Publishing. This is the author-manuscript version of the paper. Reproduced in accordance with the copyright policy of the publisher.
gro.date.issued2004
gro.hasfulltextFull Text
gro.griffith.authorGuest, Ross


Files in this item

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record