Exploring the Relationship between population age structure and real exchange rate in OECD countries
Citation
Salim, Ruhul and Hassan, Kamrul. 2012. Exploring the Relationship between population age structure and real exchange rate in OECD countries, in N Jahan (ed), Proceedings of the 5th Global Business and Social Science Research Conference, Jun 25-26 2012, pp. 1-30. Beijing, China: World Business Institute Australia.
Source Title
Proceedings of 5th global business and social science research conference
Source Conference
Global Business and Social Science Research Conference
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Abstract
This article examines the impact of population age structure on the real exchange rate. Data on a panel of 23 OECD countries over 1980-2009 period are used to estimate the empirical model. The results show that the shares of working age and old dependent population have significant appreciating effects while the share of young dependent has a significant depreciating effect on the real exchange rate. These results have important policy implications given the fact that population is aging in almost all the OECD economies these days.
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