Analyzing the Impact of Foreign Capital Inflows on the Current Account Balance in Developing Economies: A Panel Data Approach
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Maurice Obstfeld, 2012.
"Does the Current Account Still Matter?,"
American Economic Review, American Economic Association, vol. 102(3), pages 1-23, May.
- Maurice Obstfeld, 2012. "Does the Current Account Still Matter?," NBER Working Papers 17877, National Bureau of Economic Research, Inc.
- Obstfeld, Maurice, 2012. "Does the Current Account Still Matter?," CEPR Discussion Papers 8888, C.E.P.R. Discussion Papers.
- Nicholas Apergis & Konstantinos Katrakilidis & Nicholas Tabakis, 2000.
"Current account deficit sustainability: The case of Greece,"
Applied Economics Letters, Taylor & Francis Journals, vol. 7(9), pages 599-603.
- Nicholas Apergis & Konstantinos Katrakilidis & Nicholas Tabakis, 1998. "Current account deficit sustainability: The case of Greece," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 4(4), pages 449-449, November.
- Razin, A., 1993.
"The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence,"
Papers
2-93, Tel Aviv - the Sackler Institute of Economic Studies.
- Razin, Assaf, 1993. "The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence," Foerder Institute for Economic Research Working Papers 275573, Tel-Aviv University > Foerder Institute for Economic Research.
- Assaf Razin, 1993. "The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence," NBER Working Papers 4334, National Bureau of Economic Research, Inc.
- Obstfeld, Maurice & Rogoff, Kenneth, 1995.
"The intertemporal approach to the current account,"
Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 34, pages 1731-1799,
Elsevier.
- Maurice Obstfeld and Kenneth Rogoff., 1994. "The Intertemporal Approach to the Current Account," Center for International and Development Economics Research (CIDER) Working Papers C94-044, University of California at Berkeley.
- Maurice Obstfeld & Kenneth Rogoff, 1994. "The Intertemporal Approach to the Current Account," NBER Working Papers 4893, National Bureau of Economic Research, Inc.
- Obstfeld, Maurice & Rogoff, Kenneth, 1994. "The Intertemporal Approach to the Current Account," Center for International and Development Economics Research (CIDER) Working Papers 233395, University of California-Berkeley, Department of Economics.
- Bernard M. Hoekman & Keith E. Maskus & Kamal Saggi, 2023.
"Transfer of Technology to Developing Countries: Unilateral and Multilateral Policy Options,"
World Scientific Book Chapters, in: Kamal Saggi (ed.), Technology Transfer, Foreign Direct Investment, and the Protection of Intellectual Property in the Global Economy, chapter 5, pages 127-142,
World Scientific Publishing Co. Pte. Ltd..
- Hoekman, Bernard M. & Maskus, Keith E. & Saggi, Kamal, 2005. "Transfer of technology to developing countries: Unilateral and multilateral policy options," World Development, Elsevier, vol. 33(10), pages 1587-1602, October.
- Hoekman, Bernard M. & Maskus, Keith E. & Saggi, Kamal, 2004. "Transfer of technology to developing countries : unilateral and multilateral policy options," Policy Research Working Paper Series 3332, The World Bank.
- Vassilis Monastiriotis & Cigdem Borke Tunali, 2020.
"The Sustainability of External Imbalances in the European Periphery,"
Open Economies Review, Springer, vol. 31(2), pages 273-294, April.
- Vassilis Monastiriotis & Cigdem Borke Tunali, 2016. "The Sustainability of External Imbalances in the European Periphery," LEQS – LSE 'Europe in Question' Discussion Paper Series 106, European Institute, LSE.
- Monastiriotis, Vassilis & Tunali, Cigdem Borke, 2020. "The sustainability of external imbalances in the European periphery," LSE Research Online Documents on Economics 101540, London School of Economics and Political Science, LSE Library.
- Calderon Cesar Augusto & Chong Alberto & Loayza Norman V., 2002.
"Determinants of Current Account Deficits in Developing Countries,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 2(1), pages 1-33, March.
- César Calderón & Alberto Chong & Norman Loayza, 1999. "Determinants of Current Account Deficits in Developing Countries," Working Papers Central Bank of Chile 51, Central Bank of Chile.
- Calderon, Cesar & Chong, Alberto & Loayza, Norman, 2000. "Determinants of current account deficits in developing countries," Policy Research Working Paper Series 2398, The World Bank.
- Ralph Chami & Connel Fullenkamp & Samir Jahjah, 2005.
"Are Immigrant Remittance Flows a Source of Capital for Development?,"
IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 55-81, April.
- Mr. Samir Jahjah & Mr. Ralph Chami & Connel Fullenkamp, 2003. "Are Immigrant Remittance Flows a Source of Capital for Development?," IMF Working Papers 2003/189, International Monetary Fund.
- Elizabeth Frankenberg & James P. Smith & Duncan Thomas, 2003.
"Economic Shocks, Wealth, and Welfare,"
Journal of Human Resources, University of Wisconsin Press, vol. 38(2).
- Elizabeth Frankenberg & James P. Smith & Duncan Thomas, 2004. "Economic Shocks, Wealth and Welfare," Labor and Demography 0403030, University Library of Munich, Germany.
- Grossman, Gene M. & Helpman, Elhanan, 1995.
"Technology and trade,"
Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 25, pages 1279-1337,
Elsevier.
- Grossman, G.M. & Helpman, E., 1994. "Technology and Trade," Papers 175, Princeton, Woodrow Wilson School - Public and International Affairs.
- Grossman, Gene & Helpman, Elhanan, 1995. "Technology and Trade," CEPR Discussion Papers 1134, C.E.P.R. Discussion Papers.
- Grossman, Gene M. & Helpman, Elhanan, 1994. "Technology and Trade," Foerder Institute for Economic Research Working Papers 275596, Tel-Aviv University > Foerder Institute for Economic Research.
- Gene M. Grossman & Elhanan Helpman, 1994. "Technology and Trade," NBER Working Papers 4926, National Bureau of Economic Research, Inc.
- Ghosh, Atish R, 1995. "International Capital Mobility amongst the Major Industrialised Countries: Too Little or Too Much?," Economic Journal, Royal Economic Society, vol. 105(428), pages 107-128, January.
- Marial A. Yol, 2009. "Testing the sustainability of current account deficits in developing economies:evidence from Egypt, Morocco, and Tunisia," Journal of Developing Areas, Tennessee State University, College of Business, vol. 43(1), pages 177-197, September.
- Joakim Westerlund, 2007.
"Testing for Error Correction in Panel Data,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(6), pages 709-748, December.
- Westerlund, Joakim, 2005. "Testing for Error Correction in Panel Data," Working Papers 2005:11, Lund University, Department of Economics.
- Westerlund, J., 2006. "Testing for error correction in panel data," Research Memorandum 056, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Kano, Takashi, 2008.
"A structural VAR approach to the intertemporal model of the current account,"
Journal of International Money and Finance, Elsevier, vol. 27(5), pages 757-779, September.
- Takashi Kano, 2003. "A Structural VAR Approach to the Intertemporal Model of the Current Account," Staff Working Papers 03-42, Bank of Canada.
- Grossman, Gene M. & Helpman, Elhanan, 1995.
"Technological Determinants of Trade,"
Foerder Institute for Economic Research Working Papers
275611, Tel-Aviv University > Foerder Institute for Economic Research.
- Grossman,G.M. & Helpman,E., 1995. "Technological Determinants of Trade," Papers 44-95, Tel Aviv.
- Mohammed I. Ansari, 2004. "Sustainability of the US current account deficit: An econometric analysis of the impact of capital inflow on domestic economy," Journal of Applied Economics, Universidad del CEMA, vol. 7, pages 249-269, November.
- David H. Howard, 1989. "Implications of the U.S. current account deficit," International Finance Discussion Papers 350, Board of Governors of the Federal Reserve System (U.S.).
- Mr. Joshua E. Greene & Ms. Magda E. Kandil, 2002. "The Impact of Cyclical Factors on the U. S. Balance of Payments," IMF Working Papers 2002/045, International Monetary Fund.
- G. M. Grossman & K. Rogoff (ed.), 1995. "Handbook of International Economics," Handbook of International Economics, Elsevier, edition 1, volume 3, number 3.
- Amjad Ali & Marc Audi, 2018.
"Macroeconomic Environment and Taxes Revenues in Pakistan: An Application of ARDL Approach,"
Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 7(1), pages 30-39, March.
- Ali, Amjad & Audi, Marc, 2018. "Macroeconomic Environment and Taxes Revenues in Pakistan: An Application of ARDL Approach," MPRA Paper 88916, University Library of Munich, Germany.
- Nason, James M & Rogers, John H, 2002.
"Investment and the Current Account in the Short Run and the Long Run,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(4), pages 967-986, November.
- James M. Nason & John H. Rogers, 1999. "Investment and the current account in the short run and the long run," International Finance Discussion Papers 647, Board of Governors of the Federal Reserve System (U.S.).
- Graciela Kaminsky & Saul Lizondo & Carmen M. Reinhart, 1998.
"Leading Indicators of Currency Crises,"
IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 1-48, March.
- Kaminsky, Graciela & Lizondo, Saul & Reinhart, Carmen M., 1997. "Leading indicators of currency crises," Policy Research Working Paper Series 1852, The World Bank.
- Reinhart, Carmen & Kaminsky, Graciela & Lizondo, Saul, 1998. "Leading Indicators of Currency Crises," MPRA Paper 6981, University Library of Munich, Germany.
- repec:bla:obuest:v:61:y:1999:i:0:p:631-52 is not listed on IDEAS
- Guillermo A. Calvo & Alejandro Izquierdo, 2004.
"On the empirics of Sudden Stops: the relevance of balance-sheet effects,"
Proceedings, Federal Reserve Bank of San Francisco, issue Jun.
- Guillermo A. Calvo & Alejandro Izquierdo & Luis-Fernando Mejia, 2004. "On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects," NBER Working Papers 10520, National Bureau of Economic Research, Inc.
- Guillermo A. Calvo & Alejandro Izquierdo & Luis Fernando Mejía, 2004. "On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects," Research Department Publications 4367, Inter-American Development Bank, Research Department.
- Calvo, Guillermo A. & Izquierdo, Alejandro & Mejía, Luis Fernando, 2004. "On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects," IDB Publications (Working Papers) 1485, Inter-American Development Bank.
- Engle, Robert & Granger, Clive, 2015.
"Co-integration and error correction: Representation, estimation, and testing,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
- Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-276, March.
- Milesi-Ferretti, Gian Maria & Razin, Assaf, 1996.
"Current Account Sustainability: Selected East Asian and Latin American Experiences,"
CEPR Discussion Papers
1509, C.E.P.R. Discussion Papers.
- Gian Maria Milesi-Ferretti & Assaf Razin, 1996. "Current Account Sustainability: Selected East Asian and Latin American Experiences," NBER Working Papers 5791, National Bureau of Economic Research, Inc.
- Assaf Razin & Mr. Gian M Milesi-Ferretti, 1996. "Current Account Sustainability: Selected East Asian and Latin American Experiences," IMF Working Papers 1996/110, International Monetary Fund.
- Hakan Kara & Cagri Sarikaya, 2014. "Current Account Deficit in Turkey: Cyclical or Structural?," Koç University-TUSIAD Economic Research Forum Working Papers 1420, Koc University-TUSIAD Economic Research Forum.
- Mariarosaria Comunale, 2015.
"Current Account and Reer Misalignments in Central Eastern EU Countries: an Update Using the Macroeconomic Balance Approach,"
Bank of Lithuania Working Paper Series
20, Bank of Lithuania.
- Comunale, Mariarosaria, 2015. "Current account and REER misalignments in Central Eastern EU countries: an update using the macroeconomic balance approach," BOFIT Discussion Papers 28/2015, Bank of Finland Institute for Emerging Economies (BOFIT).
- Rajeev Sooreea & Mark Wheeler, 2010. "A dynamic analysis of the determinates of the US current account deficit," Applied Financial Economics, Taylor & Francis Journals, vol. 20(22), pages 1687-1695.
- Forbes, Kristin J. & Warnock, Francis E., 2012.
"Capital flow waves: Surges, stops, flight, and retrenchment,"
Journal of International Economics, Elsevier, vol. 88(2), pages 235-251.
- Kristin J. Forbes & Francis E. Warnock, 2011. "Capital Flow Waves: Surges, Stops, Flight, and Retrenchment," NBER Chapters, in: Global Financial Crisis, National Bureau of Economic Research, Inc.
- Kristin J. Forbes & Francis E. Warnock, 2011. "Capital Flow Waves: Surges, Stops, Flight, and Retrenchment," NBER Working Papers 17351, National Bureau of Economic Research, Inc.
- Arik Levinson, 2009.
"Technology, International Trade, and Pollution from US Manufacturing,"
American Economic Review, American Economic Association, vol. 99(5), pages 2177-2192, December.
- Levinson, Arik, 2007. "Technology, International Trade, and Pollution from U.S. Manufacturing," RFF Working Paper Series dp-07-40, Resources for the Future.
- Arik Levinson, 2007. "Technology, International Trade, and Pollution from U.S. Manufacturing," Working Papers gueconwpa~07-07-05, Georgetown University, Department of Economics.
- Arik Levinson, 2008. "Technology, International Trade, and Pollution from U.S. Manufacturing," NCEE Working Paper Series 200802, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Feb 2008.
- Arik Levinson, 2007. "Technology, International Trade, and Pollution from U.S. Manufacturing," NBER Working Papers 13616, National Bureau of Economic Research, Inc.
- Mohammed I. Ansari, 2004. "Sustainability of the US Current Account Deficit: An Econometric Analysis of the Impact of Capital Inflow on Domestic Economy," Journal of Applied Economics, Taylor & Francis Journals, vol. 7(2), pages 249-269, November.
- Yuksel BAYRAKTAR, & Taha EGRI, & Furkan YILDIZ, 2016. "A Causal Relationship Between Oil Prices Current Account Deficit, And Economic Growth: An Empirical Analysis From Fragile Five Countries," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 5(Special I), pages 1-3, august.
- Lee, Jaewoo & Chinn, Menzie D., 2006.
"Current account and real exchange rate dynamics in the G7 countries,"
Journal of International Money and Finance, Elsevier, vol. 25(2), pages 257-274, March.
- Menzie David Chinn & Mr. Jaewoo Lee, 2002. "Current Account and Real Exchange Rate Dynamics in the G-7 Countries," IMF Working Papers 2002/130, International Monetary Fund.
- Lee,J. & Chinn,M.D., 2004. "Current account and real exchange rate dynamics in the G-7 countries," Working papers 11, Wisconsin Madison - Social Systems.
- Paul R. Bergin, 2017.
"How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account?,"
World Scientific Book Chapters, in: International Macroeconomic Interdependence, chapter 5, pages 117-152,
World Scientific Publishing Co. Pte. Ltd..
- Bergin, Paul R., 2006. "How well can the New Open Economy Macroeconomics explain the exchange rate and current account?," Journal of International Money and Finance, Elsevier, vol. 25(5), pages 675-701, August.
- Paul R. Bergin, 2004. "How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account?," NBER Working Papers 10356, National Bureau of Economic Research, Inc.
- Ali, Amjad, 2022.
"Foreign Debt, Financial Stability, Exchange Rate Volatility and Economic Growth in South Asian Countries,"
MPRA Paper
116328, University Library of Munich, Germany, revised 2022.
- Ali, Amjad, 2022. "Foreign Debt, Financial Stability, Exchange Rate Volatility and Economic Growth in South Asian Countries," MPRA Paper 116099, University Library of Munich, Germany.
- Gruber, Joseph W. & Kamin, Steven B., 2007.
"Explaining the global pattern of current account imbalances,"
Journal of International Money and Finance, Elsevier, vol. 26(4), pages 500-522, June.
- Joseph W. Gruber & Steven B. Kamin, 2005. "Explaining the global pattern of current account imbalances," International Finance Discussion Papers 846, Board of Governors of the Federal Reserve System (U.S.).
- Alejandro Izquierdo & Ernesto Talvi & Guillermo A. Calvo, 2002.
"Sudden Stops, the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons,"
Research Department Publications
4299, Inter-American Development Bank, Research Department.
- Guillermo A. Calvo & Alejandro Izquierdo & Ernesto Talvi, 2003. "Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability: Argentina's Lessons," NBER Working Papers 9828, National Bureau of Economic Research, Inc.
- Calvo, Guillermo A. & Izquierdo, Alejandro & Talvi, Ernesto, 2003. "Sudden Stops, the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons," IDB Publications (Working Papers) 1909, Inter-American Development Bank.
- Navaratnam Ravinthirakumaran & Saroja Selvanathan & Eliyathamby A. Selvanathan, 2016. "The twin deficits hypothesis in the SAARC countries: an empirical investigation," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(1), pages 77-90, January.
- Martin Feldstein, 2008.
"Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate,"
Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 113-125, Summer.
- Martin S. Feldstein, 2008. "Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate," NBER Working Papers 13952, National Bureau of Economic Research, Inc.
- Feldstein, Martin, 2008. "Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate," Scholarly Articles 2792081, Harvard University Department of Economics.
- Calista Cheung & Davide Furceri & Elena Rusticelli, 2013.
"Structural and Cyclical Factors behind Current Account Balances,"
Review of International Economics, Wiley Blackwell, vol. 21(5), pages 923-944, November.
- Calista Cheung & Davide Furceri & Elena Rusticelli, 2010. "Structural and Cyclical Factors behind Current-Account Balances," OECD Economics Department Working Papers 775, OECD Publishing.
- Anoruo, Emmanuel & Ramchander, Sanjay, 1998. "Current account and fiscal deficits: Evidence from five developing economies of Asia," Journal of Asian Economics, Elsevier, vol. 9(3), pages 487-501.
- Obstfeld, Maurice, 2012.
"Financial flows, financial crises, and global imbalances,"
Journal of International Money and Finance, Elsevier, vol. 31(3), pages 469-480.
- Obstfeld, Maurice, 2011. "Financial Flows, Financial Crises, and Global Imbalances," CEPR Discussion Papers 8611, C.E.P.R. Discussion Papers.
- Jeffrey D. Sachs, 1981. "The Current Account and macroeconomic Adjustment in the 1970s," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 12(1), pages 201-282.
- Fratzscher, Marcel & Müller, Gernot J. & Bussière, Matthieu, 2004. "Current accounts dynamics in OECD and EU acceding countries - an intertemporal approach," Working Paper Series 311, European Central Bank.
- Comunale, Mariarosaria, 2018.
"Current account and real effective exchange rate misalignments in Central Eastern EU countries: An update using the macroeconomic balance approach,"
Economic Systems, Elsevier, vol. 42(3), pages 414-436.
- Mariarosaria Comunale, 2015. "Current Account and Real Effective Exchange Rate Misalignments in Central Eastern EU Countries: an Update Using the Macroeconomic Balance Approach," CEIS Research Paper 360, Tor Vergata University, CEIS, revised 13 Nov 2015.
- Kaddour Hadri, 2000.
"Testing for stationarity in heterogeneous panel data,"
Econometrics Journal, Royal Economic Society, vol. 3(2), pages 148-161.
- Kaddour Hadri, 1999. "Testing For Stationarity In Heterogeneous Panel Data," Working Papers 1999_04, University of Liverpool, Department of Economics.
- Sevim, Cuneyt & Oztekin, Asil & Bali, Ozkan & Gumus, Serkan & Guresen, Erkam, 2014. "Developing an early warning system to predict currency crises," European Journal of Operational Research, Elsevier, vol. 237(3), pages 1095-1104.
- Ali, Amjad, 2022.
"Financial Liberalization, Institutional Quality and Economic Growth Nexus: Panel Analysis of African Countries,"
MPRA Paper
116101, University Library of Munich, Germany.
- Ali, Amjad, 2022. "Financial Liberalization, Institutional Quality and Economic Growth Nexus: Panel Analysis of African Countries," MPRA Paper 116329, University Library of Munich, Germany, revised 2022.
- Ali, Amjad, 2022. "Determining Pakistan's Financial Dependency: The Role of Financial Globalization and Corruption," MPRA Paper 116097, University Library of Munich, Germany.
- Emerson JACKSON & Mohamed JABBIE, 2020. "Twin Deficits Hypothesis as an Indication of Government Failure in Sierra Leone: An Empirical Investigation (1980-2018)," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 7(1), pages 42-68, January.
- Chinn, Menzie D. & Ito, Hiro, 2007.
"Current account balances, financial development and institutions: Assaying the world "saving glut","
Journal of International Money and Finance, Elsevier, vol. 26(4), pages 546-569, June.
- Menzie D. Chinn & Hiro Ito, 2005. "Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut"," NBER Working Papers 11761, National Bureau of Economic Research, Inc.
- Marc Audi & Amjad Ali, 2023.
"Public Policy and Economic Misery Nexus: A Comparative Analysis of Developed and Developing World,"
International Journal of Economics and Financial Issues, Econjournals, vol. 13(3), pages 56-73, May.
- Audi, Marc & Ali, Amjad, 2022. "Public policy and economic misery nexus: a comparative analysis of developed and developing world," MPRA Paper 115031, University Library of Munich, Germany.
- Mr. Hamid Faruqee & Guy Debelle, 1996. "What Determines the Current Account? a Cross-Sectional and Panel Approach," IMF Working Papers 1996/058, International Monetary Fund.
- Chinn, Menzie D. & Prasad, Eswar S., 2003.
"Medium-term determinants of current accounts in industrial and developing countries: an empirical exploration,"
Journal of International Economics, Elsevier, vol. 59(1), pages 47-76, January.
- Menzie D. Chinn & Eswar S. Prasad, 2000. "Medium-Term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical Exploration," NBER Working Papers 7581, National Bureau of Economic Research, Inc.
- Menzie David Chinn & Mr. Eswar S Prasad, 2000. "Medium-Term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical Exploration," IMF Working Papers 2000/046, International Monetary Fund.
- Maria Milesi-Ferretti, Gian & Razin, Assaf, 1998.
"Sharp reductions in current account deficits An empirical analysis,"
European Economic Review, Elsevier, vol. 42(3-5), pages 897-908, May.
- Mr. Gian M Milesi-Ferretti & Assaf Razin, 1997. "Sharp Reductions in Current Account Deficits: An Empirical Analysis," IMF Working Papers 1997/168, International Monetary Fund.
- Gian Maria Milesi-Ferretti & Assaf Razin, 1997. "Sharp Reductions in Current Account Deficits: An Empirical Analyis," NBER Working Papers 6310, National Bureau of Economic Research, Inc.
- Rey, Hélène, 2015.
"Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence,"
CEPR Discussion Papers
10591, C.E.P.R. Discussion Papers.
- Hélène Rey, 2015. "Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence," NBER Working Papers 21162, National Bureau of Economic Research, Inc.
- Ca' Zorzi, Michele & Dieppe, Alistair & Chudik, Alexander, 2009. "Current account benchmarks for central and eastern Europe: a desperate search?," Working Paper Series 995, European Central Bank.
- Gian Maria Milesi-Ferretti & Assaf Razin, 1996. "Sustainability of Persistent Current Account Deficits," NBER Working Papers 5467, National Bureau of Economic Research, Inc.
- Menzie D. Chinn & Barry Eichengreen & Hiro Ito, 2014.
"A forensic analysis of global imbalances,"
Oxford Economic Papers, Oxford University Press, vol. 66(2), pages 465-490.
- Menzie D. Chinn & Barry Eichengreen & Hiro Ito, 2011. "A Forensic Analysis of Global Imbalances," NBER Working Papers 17513, National Bureau of Economic Research, Inc.
- Ansari, Mohammed I., 2004. "Sustainability of the US current account deficit: An econometric analysis of the impact of capital inflow on domestic economy," Journal of Applied Economics, Universidad del CEMA, vol. 7(2), pages 1-21, November.
- Wu, Jyh-Lin & Chen, Show-Lin & Lee, Hsiu-Yun, 2001. "Are current account deficits sustainable?: Evidence from panel cointegration," Economics Letters, Elsevier, vol. 72(2), pages 219-224, August.
- Otto, Glenn & Voss, Graham M., 1995. "Consumption, external assets and the real interest rate," Journal of Macroeconomics, Elsevier, vol. 17(3), pages 471-494.
- Magda Kandil, 2012. "Determinants of cyclicality in the current account balance," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 11(3), pages 235-258, September.
- Olivier Blanchard & Francesco Giavazzi, 2002. "Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 147-210.
- Dahlman, Carl J. & Ross-Larson, Bruce & Westphal, Larry E., 1987. "Managing technological development: Lessons from the newly industrializing countries," World Development, Elsevier, vol. 15(6), pages 759-775, June.
- Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
- Glass, Amy Jocelyn & Saggi, Kamal, 1998. "International technology transfer and the technology gap," Journal of Development Economics, Elsevier, vol. 55(2), pages 369-398, April.
- Huntington, Hillard G., 2015. "Crude oil trade and current account deficits," Energy Economics, Elsevier, vol. 50(C), pages 70-79.
- Milesi-Ferretti, Gian Maria & Razin, Assaf, 1996. "Persistent Current Account Deficits: A Warning Signal?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 1(3), pages 161-181, July.
- Howard, David H, 1989. "Implications of the U.S. Current Account Deficit," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 153-165, Fall.
- Sheffrin, Steven M. & Woo, Wing Thye, 1990. "Testing an optimizing model of the current account via the consumption function," Journal of International Money and Finance, Elsevier, vol. 9(2), pages 220-233, June.
- Tuvshintugs Batdelger & Magda Kandil, 2012. "Determinants of the current account balance in the United States," Applied Economics, Taylor & Francis Journals, vol. 44(5), pages 653-669, February.
- Ahiakpor, James C. W., 1985. "The success and failure of dependency theory: the experience of Ghana," International Organization, Cambridge University Press, vol. 39(3), pages 535-552, July.
- Catherine L. Mann, 2002. "Perspectives on the U.S. Current Account Deficit and Sustainability," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 131-152, Summer.
- repec:zbw:bofitp:urn:nbn:fi:bof-201510131420 is not listed on IDEAS
- Guillermo A. Calvo, 2003. "Explaining Sudden Stops, Growth Collapse and BOP Crises: The Case of Distortionary Output Taxes," NBER Working Papers 9864, National Bureau of Economic Research, Inc.
- G. S. Maddala & Shaowen Wu, 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 631-652, November.
- Bannaga, Alamedin A., 2004. "Adjustment Policies and the Current Account Balance: Empirical Evidence from Sudan," Development Economics and Public Policy Working Papers 30546, University of Manchester, Institute for Development Policy and Management (IDPM).
- Matsubayashi, Yoichi, 2005. "Are US current account deficits unsustainable?: Testing for the private and government intertemporal budget constraints," Japan and the World Economy, Elsevier, vol. 17(2), pages 223-237, April.
- Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002.
"Unit root tests in panel data: asymptotic and finite-sample properties,"
Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
- Tom Doan, "undated". "LEVINLIN: RATS procedure to perform Levin-Lin-Chu test for unit roots in panel data," Statistical Software Components RTS00242, Boston College Department of Economics.
- repec:zbw:bofitp:2015_028 is not listed on IDEAS
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Fiaz Ahmad Sulehri & Amjad Ali, 2024.
"Nexus among Regulatory Framework, Economic Growth and Sustainable Development: Insights from Structural Equation Modeling Approach,"
Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 110-117.
- Sulehri, Fiaz Ahmad & Ali, Amjad, 2024. "Nexus among Regulatory Framework, Economic Growth and Sustainable Development: Insights from Structural Equation Modeling Approach," MPRA Paper 121285, University Library of Munich, Germany.
- Riaz, Kainat & Siddique, Hafiz Muhammad Abubakar & Audi, Marc & Sumaira, Sumaira, 2024. "Impact of Financial Development on Export Performance: Evidence from South Asia," MPRA Paper 122474, University Library of Munich, Germany.
- Amjad Ali & Zohaib Ul Hasan & Qasim Abbasi & Fiaz Ahmad Sulehri, 2023.
"Business Or Politics: Exploring The Determinants Of Policy Mix In South Asia,"
Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 114-123.
- Ali, Amjad & Hasan, Zohaib Ul & Abbasi, Qasim & Sulehri, Fiaz Ahmad, 2023. "Business or Politics: Exploring the Determinants of Policy Mix in South Asia," MPRA Paper 120120, University Library of Munich, Germany.
- Muzammal Khan & Dr. Muhammad Sajid Amin, 2023. "Does market competition contribute to the banking stability of South Asian emerging economies?," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 119-125.
- Marc Audi & Marc Poulin & Amjad Ali, 2024.
"Determinants of Business Freedom in Developing Countries: The Role of Institutional Development and Policy Mix,"
International Journal of Economics and Financial Issues, Econjournals, vol. 14(4), pages 188-199, July.
- Audi, Marc & Ali, Amjad, 2024. "Determinants of Business Freedom in Developing Countries: The Role of Institutional Development and Policy Mix," MPRA Paper 121289, University Library of Munich, Germany.
- Ambereen Kanwal & Muhammad Zubair Saeed & Zujaj Ahmed & Kainat Fatima & Muhammad Ali Hameed, 2023. "Composite Islamic Finance Index: A performance base measure of Islamic Financial Sector of Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 108-118.
- Fiaz Ahmad Sulehri & Sana Sarwar Sulehri & Rubina Fiaz Sulehri, 2023. "Unveiling Economic Distress In South Asia: Does Stock Market Performance Matter?," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 447-456.
- Maria Bano & Dr. Muhammad Nawaz & Touseef Ahmad & Fatima Ejaz, 2023. "The Performance of Small and Medium Sized Enterprises (SMEs) in Punjab: A Moderating Role of Corporate Image," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 650-666.
- Asad Abbas & Mamoona Sayyeda Gul Zarrin, 2023. "Brain Drain and Economic Growth: An ARDL Analysis," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(1), pages 528-537.
- Sulehri, Fiaz Ahmad & Ali, Amjad, 2024. "Financial Inclusion Dynamics: A Cross-Country Examination of Bank Concentration and Policy Strategies," MPRA Paper 121284, University Library of Munich, Germany.
- Audi, Marc & Poulin, Marc & Ali, Amjad, 2023. "Determinants of Human Wellbeing and its Prospect Under the Role of Financial Inclusion in South Asian Countries," MPRA Paper 120119, University Library of Munich, Germany.
- Ahsan Pervaiz, 2023. "Internationalization of Traditional and E-Business in Finance: A Comparative Study," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 612-628.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Das, Debasish Kumar, 2012. "Determinants of current account imbalances in the global economy: A dynamic panel analysis," MPRA Paper 42419, University Library of Munich, Germany.
- Smith, Constance E., 2011.
"External balance adjustment: An intra-national and international comparison,"
Journal of International Money and Finance, Elsevier, vol. 30(6), pages 1195-1213, October.
- Smith, Constance, 2011. "External Balance Adjustment: An Intra-National and International Comparison," Working Papers 2011-13, University of Alberta, Department of Economics.
- Rihab Bousnina & Foued Badr Gabsi, 2022. "Current Account Balance and Financial Development in MENA Countries: The Role of Institutions," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(1), pages 109-142, March.
- Christophe Andre & Mehmet Balcilar & Tsangyao Chang & Luis Alberiko Gil-Alana & Rangan Gupta, 2018.
"Current account sustainability in G7 and BRICS: Evidence from a long-memory model with structural breaks,"
The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 27(6), pages 638-654, August.
- Christophe André & Tsangyao Chang & Luis A. Gil-Alana & Rangan Gupta, 2017. "Current Account Sustainability in G7 and BRICS: Evidence from a Long Memory Model with Structural Breaks," Working Papers 201705, University of Pretoria, Department of Economics.
- Garg, Bhavesh & Prabheesh, K.P., 2017. "Drivers of India’s current account deficits, with implications for ameliorating them," Journal of Asian Economics, Elsevier, vol. 51(C), pages 23-32.
- Simeon Coleman & Juan Carlos Cuestas, 2023. "Has the current account broken up with its fundamentals in Central and Eastern Europe?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 962-980, January.
- Herrmann, Sabine & Jochem, Axel, 2005. "Determinants of current account developments in the central and east European EU member states - consequences for the enlargement of the euro area," Discussion Paper Series 1: Economic Studies 2005,32, Deutsche Bundesbank.
- Ca’ Zorzi, Michele & Chudik, Alexander & Dieppe, Alistair, 2012.
"Thousands of models, one story: Current account imbalances in the global economy,"
Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1319-1338.
- Michele Ca' Zorzi & Alistair Dieppe & Alex Chudik, 2011. "Thousands of Models, One Story: Current Account Imbalances in the Global Economy," EcoMod2011 3184, EcoMod.
- Michele Ca' Zorzi & Alexander Chudik & Alistair Dieppe, 2011. "Thousands of models, one story: current account imbalances in the global economy," Globalization Institute Working Papers 100, Federal Reserve Bank of Dallas.
- Ca' Zorzi, Michele & Dieppe, Alistair & Chudik, Alexander, 2012. "Thousands of models, one story: current account imbalances in the global economy," Working Paper Series 1441, European Central Bank.
- Sophocles Brissimis & George Hondroyiannis & Christos Papazoglou & Nicholas Tsaveas & Melina Vasardani, 2012.
"Current account determinants and external sustainability in periods of structural change,"
Economic Change and Restructuring, Springer, vol. 45(1), pages 71-95, February.
- Sophocles N. Brissimis & George Hondroyiannis & Christos Papazoglou & Nicholas T. Tsaveas & Melina A. Vasardani, 2010. "Current account determinants and external sustainability in periods of structural change," Working Papers 117, Bank of Greece.
- Brissimis, Sophocles N. & Hondroyiannis, George & Papazoglou, Christos & Tsaveas, Nicholas T. & Vasardani, Melina A., 2010. "Current account determinants and external sustainability in periods of structural change," Working Paper Series 1243, European Central Bank.
- Sabine Herrmann & Adalbert Winkler, 2009.
"Financial markets and the current account: emerging Europe versus emerging Asia,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 145(3), pages 531-550, October.
- Herrmann, Sabine & Winkler, Adalbert, 2008. "Financial markets and the current account: emerging Europe versus emerging Asia," Discussion Paper Series 1: Economic Studies 2008,05, Deutsche Bundesbank.
- Koutchogna Kokou Edem ASSOGBAVI, 2021.
"Global Account Imbalances since the Global Financial Crisis: Determinants, Implications and Challenges for the Global Economy,"
Bordeaux Economics Working Papers
2021-06, Bordeaux School of Economics (BSE).
- Koutchogna Kokou Assogbavi, 2021. "Global Account Imbalances since the Global FinancialCrisis: Determinants, Implications and Challenges forthe Global Economy," Working Papers hal-03258293, HAL.
- Helmut Herwartz & Florian Siedenburg, 2007. "Determinants of Current Account Imbalances in 16 OECD Countries: An Out-Of-Sample Perspective," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(2), pages 349-374, July.
- Chuku Chuku & Atan Johnson & Obioesio Felix & Onye Kenneth, 2017. "Working Paper 287 - Current Account Adjustments and Integration in West Africa," Working Paper Series 2407, African Development Bank.
- Mariam Camarero & Josep Lluís Carrion-i-Silvestre & Cecilio Tamarit, 2010.
"External imbalances in a monetary union. Does the Lawson doctrine apply to Europe?,"
Working Papers
10-09, Asociación Española de Economía y Finanzas Internacionales.
- Mariam Camarero & Josep Lluís Carrion-i-Silvestre & Cecilio Tamarit, 2010. "External imbalances in a monetary union. Does the Lawson doctrine apply to Europe?," Working Papers 1006, Department of Applied Economics II, Universidad de Valencia.
- Josep Lluís CARRION-I-SILVESTRE & Mariam CAMARERO & Josep LLUÍS CARRION-I-SILVESTRE & Cecilio TAMARIT, 2010. "External Imbalances in a Monetary Union. Does the Lawson Doctrine Apply to Europe?," EcoMod2010 259600036, EcoMod.
- Blaise Gnimassoun, 2014. "The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries," Working Papers hal-04141342, HAL.
- Nurgun Topalli & İbrahim Dogan, 2016. "The structure and sustainability of current account deficit: Turkish evidence from regime switching," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 25(4), pages 570-589, June.
- Gnimassoun, Blaise, 2015.
"The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries,"
Journal of International Money and Finance, Elsevier, vol. 53(C), pages 36-74.
- Blaise Gnimassoun, 2014. "The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries," EconomiX Working Papers 2014-22, University of Paris Nanterre, EconomiX.
- Silvia Fabiani & Stefano Federico & Alberto Felettigh, 2016. "Adjusting the external adjustment: cyclical factors and the Italian current account," Questioni di Economia e Finanza (Occasional Papers) 346, Bank of Italy, Economic Research and International Relations Area.
- Mariam Camarero & Josep Lluís Carrion‐i‐Silvestre & Cecilio Tamarit, 2021.
"External imbalances from a GVAR perspective,"
The World Economy, Wiley Blackwell, vol. 44(11), pages 3202-3245, November.
- Mariam Camarero & Josep Lluís Carrión-i-Silvestre & Cecilio Tamarit, 2020. "External imbalances from a GVAR perspective," Working Papers 2005, Department of Applied Economics II, Universidad de Valencia.
- Bussière, Matthieu & Karadimitropoulou, Aikaterini E. & León-Ledesma, Miguel A., 2021.
"Current Account Dynamics And The Real Exchange Rate: Disentangling The Evidence,"
Macroeconomic Dynamics, Cambridge University Press, vol. 25(1), pages 28-58, January.
- Matthieu Bussiere & Aikaterini Karadimitropoulou & Miguel A. Leon-Ledesma, 2017. "Current account dynamics and the real exchange rate: disentangling the evidence," Working Papers 239, Bank of Greece.
- Matthieu Bussiere & Aikaterini Karadimitropoulou & Miguel A. Leon-Ledesma, 2017. "Current account dynamics and the real exchange rate: Disentangling the evidence," University of East Anglia School of Economics Working Paper Series 2017-06, School of Economics, University of East Anglia, Norwich, UK..
More about this item
Keywords
Capital inflow; current account deficit; economic growth; export demand; foreign reserves; import demand; foreign debt; foreign direct investment; foreign remittances;All these keywords.
JEL classification:
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F24 - International Economics - - International Factor Movements and International Business - - - Remittances
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FDG-2023-09-04 (Financial Development and Growth)
- NEP-INT-2023-09-04 (International Trade)
- NEP-OPM-2023-09-04 (Open Economy Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:118173. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.