Nagayasu, Jun (2011): Regional deposits and demographic changes.
Download (164kB) | Preview
This paper empirically analyzes the relationship between regional deposits and demographic changes. Using different types of deposit data from Japan which has experienced a sharp increase in the number of retirees, we provide clear evidence that an increase in the dependency ratio is negatively correlated with overall deposits but positively with the most liquid deposits.
|Item Type:||MPRA Paper|
|Original Title:||Regional deposits and demographic changes|
|Keywords:||Regional deposits, Demographic changes, Panel cointegration, Panel DOLS|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance
E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models
|Depositing User:||Nagayasu Jun|
|Date Deposited:||09. Jun 2011 12:51|
|Last Modified:||18. Feb 2013 07:26|
Fisher, R. A., 1932. Statistical Methods for Research Workers, Liver & Boyd, Edinburgh, 4th edition.
Horioka, C. Y., 2010, The (dis)saving behavior of the aged in Japan, Japan and the World Economy 22, 151-158.
Johansen, S., 1991, Estimation and hypothesis testing of cointegration in Gaussian vector autoregressive models, Econometrica 59, 1551-1580.
MacKinnon, J., G., Haug, A. A., Michelis, L., 1999, Numerical distribution functions of likelihood ratio tests for cointegration, Journal of Applied Econometrics 14, 563-577.
Mark, N. C., Sul, D., 2003, Cointegration vector estimation by panel DOLS and long-run money demand, Oxford Bulletin of Economics and Statistics 65(5), 655-680.
Mulligan, C. B., Sala-i-Martin, X., 1992, US money demand: surprising cross-sectional estimates, Brookings Papers on Economic Activity 2, 285-329.