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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

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

Explosive target balances

Potrafke, Niklas; Reischmann, Markus - 2013

Using the new unit root test by Phillips et al. (2011) we show that the Target balances of the German Bundesbank have been exploding from the beginning of 2009 to the beginning of 2013. By implementing a full-allotment policy and reducing the required minimum quality of collaterals in October...

Persistent link: https://www.econbiz.de/10009764406

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

Exports and imports in Qatar : evidence from cointegration and error correction model

Al-Khulaifi, Abdulla S. - 2013

This paper investigates the existence of long-run relationship between exports and imports in Qatar’s economy using Johansen cointegration approach. Qatar is a small open economy that depends on the outside world for exporting its oil, natural gas and its hydrocarbons and to import consumer...

Persistent link: https://www.econbiz.de/10009762348

Explosive target balances of the German Bundesbank

Potrafke, Niklas; Reischmann, Markus - 2014

Using the recursive unit root test by Phillips et al. (2011) we show that the Target balances of the German Bundesbank have been explosive from the beginning of 2009 to the beginning of 2013. By implementing a full-allotment policy and reducing the required minimum quality of collaterals in...

Persistent link: https://www.econbiz.de/10010380612

Does corruption hinder trade for the new EU members?

Horsewood, Nicholas; Voicu, Anca Monika - 2012

The paper uses a gravity trade model to examine the impact of corruption on bilateral trade using a data set comprising OECD economies, new EU members and developing nations. Although the level of corruption of both the importing and exporting nations does hinder cross-border transactions,...

Persistent link: https://www.econbiz.de/10009671485

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

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

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