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Are the US current account deficits really sustainable?

ARAN - Access to Research at NUI Galway

Show simple item record Fountas, Stilianos en 2010-11-10T11:33:52Z en 2010-11-10T11:33:52Z en 1998-03 en
dc.identifier.citation Fountas, S. (1998). "Are the US current account deficits really sustainable?" (Working Paper No. 20) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri en
dc.description.abstract We have tested for a long-run relationship between four US export measures and analogous import measures (measured in nominal and real terms, levels and deflated by GNP) in the 1967-1994 period using quarterly data. Using various econometric tests that include standard Engle-Granger cointegration tests and two tests that allow for test-determined breaks in the cointegrating relationship, we have shown that the hypothesis of no long-run relationship between exports and imports cannot be rejected. This finding contrasts sharply with earlier literature and carries the important policy implication that US current account deficits are not sustainable. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries Economics working papers;020 en
dc.subject Economics en
dc.subject Current account deficits en
dc.subject Cointegration en
dc.subject Sustainability en
dc.title Are the US current account deficits really sustainable? en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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