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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Davis, EP | - |
dc.contributor.author | Hu, YW | - |
dc.coverage.spatial | 32 | en |
dc.date.accessioned | 2007-07-05T15:35:19Z | - |
dc.date.available | 2007-07-05T15:35:19Z | - |
dc.date.issued | 2004 | - |
dc.identifier.citation | Economics and Finance Working papers, Brunel University, 04-23 | en |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/978 | - |
dc.description.abstract | Debate 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.extent | 209919 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | en | - |
dc.publisher | Brunel University | en |
dc.subject | Pension funds, economic growth, production function, panel estimation | en |
dc.title | Is there a link between pension-fund assets and economic growth? - A cross-country study | en |
dc.type | Research Paper | en |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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