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

ARAN - Access to Research at NUI Galway

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

Fountas, Stilianos
URI: http://hdl.handle.net/10379/1365
Date: 1996-07
Citation: Fountas, S. (1996). "Testing for the sustainability of the current account deficit in two industrial countries" (Working Paper No. 011) Department of Economics, National University of Ireland, Galway.

Abstract:

The objective of this paper is to test for the sustainability of the current account deficits in the U.S. 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.

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