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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

mainly employed traditional unit-root tests, our research stands out for its use of novel panel stationarity tests that …

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

Current account sustainability in the US : what do we really know about its?

Christopulos, Dēmētrēs K. (contributor); … - 2004 - [Elektronische Ressource]

-linear behaviour under the null of stationarity. This is confirmed by a set of non-linearity tests. We then fit an ESTAR model to the … current account dynamics and reject the null of non-stationarity. Hence, we conclude in favour of sustainability. Furthermore … equilibrium and a slower speed of mean reversion. -- Current account sustainability ; stationarity ; non-linear models …

Persistent link: https://www.econbiz.de/10002364771

Testing the Marshall-Lerner condition in Kenya

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Mudida, … - 2012

In this paper we examine the Marshall-Lerner (ML) condition for the Kenyan economy. In particular, we use quarterly data on the log of real exchange rates, export-import ratio and relative (US) income for the time period 1996q1 - 2011q4, and employ techniques based on the concept of long memory...

Persistent link: https://www.econbiz.de/10009666802

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

Heidari, Hassan; Katırcıoğlu, Salih Turan; Davoudi, … - 2012

This paper provides new evidence on the long-run relationship between exports and imports of the Iranian economy by employing bounds testing approach to level relationships. In Iran, there have been many unusual policy changes and/or external shocks to the economy; this has resulted in the...

Persistent link: https://www.econbiz.de/10009671491

Are current account deficits sustainable? : new evidence from Iran using bounds test approach to level relationship

Heidari, Hassan; Katırcıoğlu, Salih Turan; Davoudi, … - 2012

This paper provides new evidence on the long-run relationship between exports and imports of the Iranian economy by employing bounds test approach to level relationship. In Iran, there have been many unusual policy changes and/or external shocks to the economy which resulted in the occurrence of...

Persistent link: https://www.econbiz.de/10009528917

On the dynamics of the Greek twin deficits : empirical evidence over the period 1960 - 2007

Panagiotis, Pantelidis; Emmanouil, Trachanas; … - In: International journal of economic sciences and applied … 2 (2009) 2, pp. 9-32

One of the most important open macroeconomic issues, during the current global economic recession, concerns the sustainability of persistent budget and trade deficits as well as possible interactions between them. These deficits are most crucial due to severe debt servicing costs, faced by...

Persistent link: https://www.econbiz.de/10009009438

Testing the twin deficit hypothesis : evidence from the Republic of North Macedonia

Bucevska, Vesna - In: Business systems research : a system view accross … 11 (2020) 3, pp. 45-62

Background An econometric analysis of the twin deficit hypothesis is of special importance for the Republic of North Macedonia in view of its perspective membership in the European Union and from the point of view of its macroeconomic stability in the long run. Objectives The objective of this...

Persistent link: https://www.econbiz.de/10012414405

Characterizing Movements of the U.S. Current Account Deficit

Middendorf, Torge; Schmidt, Torsten - 2004

It is unclear whether the exceptionally high U.S. current account deficit can be sustained for a prolonged period. In this paper we approach the topic whether a gradual adjustment or a pronounced reduction of the deficit is likely to occur. We therefore characterize the dynamics of the current...

Persistent link: https://www.econbiz.de/10014068216

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

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

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