01718cas a2200241 a 4500 AALejournalIMF002268 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844825 1018-5941 BD-DhAAL BD-DhAAL Cheng, Kevin. Economic Implications of China's Demographics in the 21st Century / Kevin Cheng. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This study assesses the economic implications of China's changing population in the 21st century using a numerical general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility rates reduce the future supply of labor, capital will become less productive. Consequently, if international capital mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no significant link between demographic structures and per capita income growth. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/029 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/029/001.2003.issue-029-en.xml IMF e-Library