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Argentinean real exchange rate 1900 - 2006: Testing purchasing power parity theory

dal Bianco, Marcos José - In: Estudios de Economía 35 (2008) 1, pp. 33-64

cointegration between the nominal exchange rate and the relative prices. In particular, the Argentinean RER appears to be trend …

Persistent link: https://www.econbiz.de/10010289485

Intertemporal solvency of Turkey’s current account

Oğuş Binatlı, Ayla; Sohrabji, Niloufer - 2008

We test for sustainability of Turkey's current account position between 1992 and 2007 using the intertemporal solvency … tests to determine linkages between exports and imports+ in Turkey. Using the Johansen test we find no cointegration and …+ (which include imports, net interest and unilateral transfer payments). Cointegration between inflows and outflows implies …

Persistent link: https://www.econbiz.de/10011807191

Identification of the true break date in innovational outlier unit root tests

Popp, Stephan - 2007

The present paper considers Dickey-Fuller-type unit root tests which account for a structural break occurring at an unknown point in time. The break is modelled by an innovational outlier approach. Provided that the break date is estimated correctly, the exact invariance to a mean and a slope...

Persistent link: https://www.econbiz.de/10010300218

Are current account deficits sustainable? New evidence from Iran using bounds test approach to level relationships

Heidari, Hassan; Katircioglu, Salih Turan; Davoudi, Narmin - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-46, pp. 1-18

in 50 countries: Tests of cointegration and structural breaks, 2002) by employing bounds tests to level relationships and …

Persistent link: https://www.econbiz.de/10010310957

Analyzing the Present Sustainability of Turkey’s Current Account Position

Oğuş, Ayla; Sohrabji, Niloufer - 2008

In this paper we assess the present sustainability of Turkey's current account position using the framework provided by … sustainability indicators as well. Using data for three periods, 1991-1993, 1998-2000 and 2004-2006 we evaluate the present … sustainability in light of the prior two crises (1994, 2001). Based on our analysis of these factors in the extended framework, we …

Persistent link: https://www.econbiz.de/10011807189

Elasticities of Turkish Exports and Imports

Oğuş Binatlı, Ayla; Sohrabji, Niloufer - 2009

The Turkish current account has been exploding in the last few years leading to concerns of a crisis. One of the primary factors identified in the rising deficits is the appreciating lira. In addition, income elasticity of exports and imports can also shed light on continuing trade deficits. In...

Persistent link: https://www.econbiz.de/10011807199

A Nonlinear Unit Root Test in the Presence of an Unknown Break

Popp, Stephan - 2008

The Perron test is the most commonly applied procedure to test for a unit root in the presence of a structural break of unknown timing in the trend function. Deriving the Perron-type test regression from an unobserved component model, it is shown that the test regression in fact is nonlinear in...

Persistent link: https://www.econbiz.de/10010264716

The Contribution of Foreign Borrowing to the New Zealand Economy

Makin, Anthony; Zhang, Wei; Scobie, Grant - 2008

New Zealand's unrelenting current account deficits, its trade performance and high external debt level remain central to ongoing economic policy debates. However, what has been overlooked in the discussion of New Zealand's economic relations with its trading partners is the positive contribution...

Persistent link: https://www.econbiz.de/10012115608

Structural breaks in Iron-Ore prices: The impact of the 1973 oil crisis

Angelov, Nikolay - 2006

This paper investigates the time-series properties of the price of iron ore. The focus is on testing a unit-root null hypothesis against a trend-stationary alternative, with a structural break allowed under both hypotheses. We consider unit-root tests with or without structural breaks, applied...

Persistent link: https://www.econbiz.de/10010321602

Reviewing the sustainability/stationarity of current account imbalances with tests for bounded integration

Herwartz, Helmut; Xu, Fang - 2006

We investigate for 26 OECD economies if their current account imbalances are driven by stochastic trends. Standard ADF results are contrasted with tests accounting for the bounded support of the current account. Neglecting the latter feature might give misleading results in the sense that ADF...

Persistent link: https://www.econbiz.de/10010296260

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