The sustainability of trade accounts of the G-7 countries
This article has examined the sustainability of the trade accounts of the G-7 countries by analysing the long-run equilibrium between exports and imports. We applied the techniques of the recently developed nonstationary panel data analysis and found that the trade accounts of the G-7 countries are very likely to be nonstationary variables. This implies that trade accounts are not sustainable for the G-7 countries. Therefore, some appropriate policies must be implemented to prevent trade imbalances from increasing.
Year of publication: |
2009
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Authors: | Hamori, Shigeyuki |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 16.2009, 17, p. 1691-1694
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Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
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