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The Consequences of an Aging Chinese Miracle

Author

Listed:
  • Wenli Li

    (Federal Reserve Bank of Philadelphia)

  • Fang Yang

    (Louisiana State University)

  • Michael Dotsey

    (Federal Reserve Bank of Philadelphia)

Abstract

In this paper, we study the consequences of the demographic changes in China and the U.S. on the two nation’s output growth, capital accumulation, labor supply, and welfare in various economic environments including closed economies, economies with perfect capital mobility and no trade barriers, and economies with imperfect capital mobility and /or trader barriers. Our focus on only two of the largest economies in the world, China and U.S., allow us to more realistically capture each economy and make use of micro data that exhibits unique and interesting patterns such as having savings rate in China.

Suggested Citation

  • Wenli Li & Fang Yang & Michael Dotsey, 2017. "The Consequences of an Aging Chinese Miracle," 2017 Meeting Papers 154, Society for Economic Dynamics.
    • Handle: RePEc:red:sed017:154
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    References listed on IDEAS

    as
    1. Krueger, Dirk & Ludwig, Alexander, 2007. "On the consequences of demographic change for rates of returns to capital, and the distribution of wealth and welfare," Journal of Monetary Economics, Elsevier, vol. 54(1), pages 49-87, January.
    2. Attanasio, Orazio P. & Bonfatti, Andrea & Kitao, Sagiri & Weber, Guglielmo, 2015. "Global Demographic Trends, Capital Mobility, Saving and Consumption in Latin America and the Caribbean (LAC)," IDB Publications (Working Papers) 6945, Inter-American Development Bank.
    3. Orazio P. Attanasio & Andrea Bonfatti & Sagiri Kitao & Guglielmo Weber, 2015. "Global Demographic Trends, Capital Mobility, Saving and Consumption in Latin America and the Caribbean (LAC)," IDB Publications (Working Papers) 89358, Inter-American Development Bank.
    4. Parente, Stephen L & Prescott, Edward C, 1994. "Barriers to Technology Adoption and Development," Journal of Political Economy, University of Chicago Press, vol. 102(2), pages 298-321, April.
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    Cited by:

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    2. Shi, Buchao & Huang, Liangxiong & Wei, Shengmin & Geng, Xinyue, 2022. "Overseas industrial parks and China's outward foreign direct investment," Journal of Asian Economics, Elsevier, vol. 83(C).
    3. Juntao Fan & Jin Wu & Weijing Kong & Yizhang Zhang & Mengdi Li & Yuan Zhang & Wei Meng & And Mengheng Zhang, 2017. "Predicting Bio-indicators of Aquatic Ecosystems Using the Support Vector Machine Model in the Taizi River, China," Sustainability, MDPI, vol. 9(6), pages 1-11, May.
    4. Yi Liu & Yutian Liang & Shiping Ma & Kaixuan Huang, 2017. "Divergent Developmental Trajectories and Strategic Coupling in the Pearl River Delta: Where Is a Sustainable Way of Regional Economic Growth?," Sustainability, MDPI, vol. 9(10), pages 1-15, October.
    5. Chunfeng Wei & Chuanyu Gao & Dongxue Han & Winston Zhao & Qianxin Lin & Guoping Wang, 2017. "Spatial and Temporal Variations of Water Quality in Songhua River from 2006 to 2015: Implication for Regional Ecological Health and Food Safety," Sustainability, MDPI, vol. 9(9), pages 1-13, August.

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