Are the US current account deficits really sustainable?
|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.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.publisher||National University of Ireland, Galway||en|
|dc.relation.ispartofseries||Economics working papers;020||en|
|dc.subject||Current account deficits||en|
|dc.title||Are the US current account deficits really sustainable?||en|
Files in this item
This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. Please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.
The following license files are associated with this item: