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dc.contributor.authorDavis, EP-
dc.contributor.authorHu, YW-
dc.identifier.citationEconomics and Finance Working papers, Brunel University, 04-23en
dc.description.abstractDebate over superiority of pension funding over pay-as-you-go links notably to the question whether funding improves economic performance sufficiently to generate additional resources to meet the needs of an ageing population. To address this issue, we design a modified Cobb-Douglas production function with pension assets as a shift factor, and investigate the direct link between pension assets and economic growth employing a dataset covering up to 38 countries, using a variety of appropriate econometric methods. We find positive results for both OECD countries and Emerging Market Economies (EMEs), with consistent evidence for a larger effect for EMEs than OECD countries.en
dc.format.extent209919 bytes-
dc.publisherBrunel Universityen
dc.subjectPension funds, economic growth, production function, panel estimationen
dc.titleIs there a link between pension-fund assets and economic growth? - A cross-country studyen
dc.typeResearch Paperen
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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