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Current account sustainability in the US: What do we really know about its?
Christopoulos, Dimitris K.; León-Ledesma, Miguel A. - 2004
-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 …
Persistent link: https://www.econbiz.de/10010290645
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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
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Characterizing Movements of the U.S. Current Account Deficit
Middendorf, Torge; Schmidt, Torsten - 2004
It is unclear whether the exceptionally highU.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/10010261029
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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/10010295419
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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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Testing the Marshall-Lerner condition in Kenya
Caporale, Guglielmo Maria; Gil-Alana, 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/10010289804
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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
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/10010310957
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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
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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
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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