Mean-reverting behavior of current account in Asian countries

被引：22

作者：

Lau, E ^{[1
]}

Baharumshah, AZ ^{[1
]}

机构：

[1] Univ Putra Malaysia, Fac Econ & Management, Dept Econ, Serdang 43400, Malaysia

来源：

ECONOMICS LETTERS | 2005年 / 87卷 / 03期

关键词：

series specific panel unit root test; mean-reverting; Current account;

D O I：

10.1016/j.econlet.2005.01.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper adopted the series specific panel unit root test of Breuer et al. [Oxford Bulletin of Economics and Statistics 64 (2002, SURADF) 527-546] to test for the mean-reverting behavior of current account for the panel of twelve Asian countries. The results illustrate that the current accounts in these countries are a mixture of 1(0) and I(1) process and the commonly used panel root tests could lead to misleading inferences. (c) 2005 Elsevier B.V. All rights reserved.

引用

页码：367 / 371

页数：5

共 13 条

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