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GTAP Resource #4107

"Trade effects of demographic transition and population aging – a simulation by the dynamic GTAP model"
by Omura, Masahiro


Abstract
A simulation by the dynamic GTAP model was conducted to shed more light on the economic effects of the demographic trend in the future in order to promote awareness and preparedness towards this phenomenon. In a country where population aging proceeds rapidly like Japan, market price of capital will remain relatively high, and thus market prices of goods and services are relatively high, which in turn brings about deteriorating trade deficit. Population aging will cause decrease in savings, which in turn will increase price of capital. To cope with such a situation, measures such as postponement of retirement age and those to control government liabilities may be required.


Resource Details (Export Citation) GTAP Keywords
Category: 2013 Conference Paper
Status: Published
By/In: Presented at the 16th Annual Conference on Global Economic Analysis, Shanghai, China
Date: 2013
Version:
Created: Omura, M. (4/12/2013)
Updated: Omura, M. (4/12/2013)
Visits: 876
- Dynamic modeling
- Demographics
- Domestic policy analysis
- Asia (East)


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  File format GTAP Resource 4107  (408.1 KB)   Replicated: 0 time(s)


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Last Modified: 9/15/2023 2:05:45 PM