Testing for the sustainability of the current account deficit in two industrial countries

被引：33

作者：

Wu, JL

Fountas, S

Chen, SL

机构：

[1] NATL CHUNG CHENG UNIV,INST INT ECON,CHIAYI,TAIWAN

[2] NATL UNIV IRELAND UNIV COLL GALWAY,DEPT ECON,GALWAY,IRELAND

来源：

ECONOMICS LETTERS | 1996年 / 52卷 / 02期

关键词：

deficit sustainability; regime shifts; cointegration;

D O I：

10.1016/S0165-1765(96)06860-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The objective of this paper is to test for the sustainability of the current account deficits in the United States and Canada over the 1973-1994 period. Using various unit root and cointegration tests, some of which allow for structural changes, we conclude that the real current account-deficits-to-GDP ratios are not sustainable.

引用

页码：193 / 198

页数：6

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