What Determines the Current Account? : A Cross-Sectional and Panel Approach /

This paper uses cross-section and panel data to examine the determinants of the current account. The empirics find a significant impact of the stage of development and demographic factors in the cross section. Estimating partial-adjustment and error-correction models using panel data, the paper find...

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Tác giả chính: Faruqee, Hamid
Tác giả khác: Debelle, Guy
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1996.
Loạt:IMF Working Papers; Working Paper ; No. 1996/058
Truy cập trực tuyến:Full text available on IMF
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100 1 |a Faruqee, Hamid. 
245 1 0 |a What Determines the Current Account? :   |b A Cross-Sectional and Panel Approach /  |c Hamid Faruqee, Guy Debelle. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1996. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper uses cross-section and panel data to examine the determinants of the current account. The empirics find a significant impact of the stage of development and demographic factors in the cross section. Estimating partial-adjustment and error-correction models using panel data, the paper finds a short- and long-run impact of fiscal policy on the current account in the time series. The real exchange rate, the business cycle and the terms of trade are also shown to have short-run effects on the current account, while the stage of development and demographics have longer-run effects. 
538 |a Mode of access: Internet 
700 1 |a Debelle, Guy. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/058 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1996/058/001.1996.issue-058-en.xml  |z IMF e-Library