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150128 ||| eng |
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|a 9781451862690
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100 |
1 |
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|a Callen, Tim
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245 |
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|a The Global Impact of Demographic Change
|c Tim Callen, Warwick McKibbin, Nicoletta Batini
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2006
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300 |
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|a 36 pages
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651 |
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4 |
|a Japan
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653 |
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|a Population & demography
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653 |
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|a Health
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653 |
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|a Wealth
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653 |
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|a Economics of the Handicapped
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653 |
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|a Demographic Trends, Macroeconomic Effects, and Forecasts
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653 |
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|a Investment
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653 |
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|a Non-labor Market Discrimination
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653 |
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|a Demographic Economics: General
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653 |
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|a Saving
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653 |
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|a Long-term Capital Movements
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653 |
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|a Demographic transition
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653 |
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|a Intangible Capital
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653 |
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|a Economics of the Elderly
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653 |
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|a Aging
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653 |
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|a Population aging
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653 |
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|a Health economics
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653 |
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|a Population and demographics
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653 |
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|a Health: General
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653 |
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|a Population growth
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653 |
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|a Demography
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653 |
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|a Population
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653 |
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|a Population & migration geography
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653 |
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|a Macroeconomics: Consumption
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653 |
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|a Capacity
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653 |
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|a Demographic change
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653 |
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|a Capital
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653 |
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|a International Investment
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700 |
1 |
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|a Batini, Nicoletta
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700 |
1 |
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|a McKibbin, Warwick
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041 |
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7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781451862690.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2006/009/001.2006.issue-009-en.xml?cid=18763-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world using a dynamic intertemporal general equilibrium four-country model containing demographics calibrated to the "medium variant" of the United Nations population projections. We find that population aging in industrial countries will reduce aggregate growth in these regions over time, but should boost growth in developing countries over the next 20-30 years, as the relative size of their workingage populations increases. Demographic change will also affect saving, investment, and capital flows, implying changes in global trade balances and asset prices. We also explore the sensitivity of the results to assumptions about future productivity growth and country external risk for the developing country region
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