Population Age Structure and Real Exchange Rate in OECD Countries: An Empirical Analysis
Author(s) -
Kamrul Hassan,
Ruhul Salim,
Harry Bloch
Publication year - 2020
Publication title -
journal of international logistics and trade
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.161
H-Index - 3
eISSN - 2508-7592
pISSN - 1738-2122
DOI - 10.24006/jilt.2020.18.1.033
Subject(s) - economics , age structure , sample (material) , population ageing , panel data , exchange rate , population , empirical research , econometrics , demographic economics , macroeconomics , demography , statistics , chemistry , mathematics , chromatography , sociology
This article examines the impact of population age structure on the real exchange rate. Data on a panel of 22 OECD (Organization of Economic Cooperation and Development) countries over 1980–2015 period are used to estimate the empirical model. Using fixed effect model the paper finds that different age cohorts have a significant influence on the real exchange rates in the sample countries. The results are mostly consistent with the theoretical framework discussed in the paper and also with the findings of previous studies in this area. These results have important policy implications given the fact that the population is ageing in almost all the OECD economies these days.
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