dc.contributor.author | Fountas, Stilianos | en |
dc.date.accessioned | 2010-11-10T11:33:52Z | en |
dc.date.available | 2010-11-10T11:33:52Z | en |
dc.date.issued | 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 | http://hdl.handle.net/10379/1373 | 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.rights | Attribution-NonCommercial-NoDerivs 3.0 Ireland | |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/3.0/ie/ | |
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 |
nui.item.downloads | 6593 | |