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Are the current accounts of Asian-5 economies mean-reverting? : new evidence from Fourier panel stationarity tests

Husein, Jamal; Kara, S. Murat; Pier, Chuck - In: Cogent economics & finance 11 (2023) 2, pp. 1-11

This study offers a novel examination of the mean-reversion properties of the current account balances, expressed as a percentage of GDP, for the Asian-5 economies: Indonesia, Korea, Malaysia, the Philippines, and Thailand. While prior studies mainly employed traditional unit-root tests, our...

Persistent link: https://www.econbiz.de/10014501140

Sustainability of current account deficit in Turkey

Karahan, Özcan - In: International journal of business and economic sciences … 13 (2020) 2, pp. 62-69

Purpose: This study aims to examine the sustainability of the current account deficit in Turkey for the quarterly data between 2003 and 2018. Besides, some policy implications are made to ensure the sustainability of the current account deficit in Turkey’s economy. Design/methodology/approach:...

Persistent link: https://www.econbiz.de/10012293106

Stock market wealth, private saving, and the current account in the United States : should we worry?

Strauß, Hubert - 1999

Persistent link: https://www.econbiz.de/10001439830

Stock market wealth, private saving, and the current account in the United States : should we worry?

Strauß, Hubert - 1999

The paper investigates by means of cointegration analysis whether the recently observed low levels of private saving and the current account balance in the United States are worrisome in the sense that they cannot be sufficiently explained by determinants which performed well in the past. Stock...

Persistent link: https://www.econbiz.de/10011475984

Purchasing Power Parity in High Inflation Countries : A Cointegration Analysis of Integrated Variables with Trend Breaks

Zhou, Su - 1998

This paper examines the long-run validity of purchasing power parity (PPP) for four high-inflation countries. The method of Zivot and Andrews (1992) is employed to detect the time-series behavior of the exchange rates and consumer price indices of these countries. We find that these variables...

Persistent link: https://www.econbiz.de/10014071881

Relationship between Trade Liberalisation, Growth and Balance of Payments in Developing Countries : An Econometric Study

Parikh, Ashok - 2004

The objectives of this paper are to study the impact of liberalisation on trade deficits and current accounts of developing countries. It is expected that trade liberalisation would promote economic growth from the supply side by leading to a more efficient use of resources, by encouraging...

Persistent link: https://www.econbiz.de/10014070258

Forecasting Macedonian business cycle turning points using Qual VAR model

Petrovska, Magdalena; Krstevska, Aneta; Naumovski, Nikola - Narodna Banka na Republika Makedonija - 2016

This paper aims to assess the usefulness of leading indicators in business cycle research and forecast. Initially we … indicators performs in forecasting turning points of the Macedonian business cycle by employing the Qual VAR approach of Dueker … (2005). In continuation, we evaluate the quality of the selected indicators in pseudo-out-of-sample context. The results …

Persistent link: https://www.econbiz.de/10011623919

What a Difference a Day Makes: On the Common Market Microstructure of Trading Days

Gerhard, Frank; Hess, Dieter; Pohlmeier, Winfried - 1998

This paper analyzes the interday stability of the price process using transaction data. While the vast majority of empirical studies on the microstructure of financial markets rests on the tacit assumption that observed prices are generated by a time-invariant price process, we question this...

Persistent link: https://www.econbiz.de/10010324047

Efficient Bargaining and the Skill-Structure of Wages and Employment

Kaiser, Ulrich; Pohlmeier, Winfried - 2000

This paper presents structural estimates for a bargaining model which nests the right-to-manage, the efficient wage bargaining, the seniority and the standard neo- classical labor demand model as special cases. In contrast to most existing models, our approach accounts for heterogeneous skill...

Persistent link: https://www.econbiz.de/10010324070

A Dynamic Integer Count Data Model for Financial Transaction Prices

Pohlmeier, Winfried; Liesenfeld, Roman - 2003

In this paper we develop a dynamic model for integer counts to capture the dis- creteness of price changes for financial transaction prices. Our model rests on an autoregressive multinomial component for the direction of the price change and a dynamic count data component for the size of the...

Persistent link: https://www.econbiz.de/10010263413

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