Current Account Sustainability In Emerging Markets: An Analysis With Linear And Nonlinear Panel Unit Root Tests
Yükleniyor...
Tarih
2014
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Atatürk Üniversitesi
Erişim Hakkı
Özet
This study examines the sustainability of current account deficits of eight emerging market economies, namely Brazil, Colombia, Czech Republic, Hungary, Indonesia, Peru, Russia and South Africa, over the period of 1996Q1-2009Q4 by employing linear and nonlinear panel unit root tests along with sequential panel selection method. While the results of the linear panel unit root test give evidence of the stationarity for the current accounts of Russia and Indonesia, the nonlinear panel unit root test indicates that only the current account of Indonesia is stationary. In this respect, the main contribution of the paper to related literature is to indicate the importance of distinguishing the linear and nonlinear adjustment processes in examining the current account sustainability.
Açıklama
Anahtar Kelimeler
Current Account Sustainability, Nonlinearity, Panel Unit Root Tests, Sequential Panel Selection Method
Kaynak
WoS Q Değeri
Scopus Q Değeri
Cilt
Sayı
Künye
Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, Cilt: 28, Sayı: 4, 2014
