Sustainability of external imbalances in the OECD countries

被引：9

作者：

Bajo-Rubio, Oscar ^{[1
]}

Diaz-Roldan, Carmen ^{[1
]}

Esteve, Vicente ^{[2
,3
,4
]}

机构：

[1] Univ Castilla La Mancha, Dept Econ, E-13071 Ciudad Real, Spain

[2] Univ Valencia, Dept Appl Econ, Valencia, Spain

[3] Univ Alcala de Henares, IAES, Alcala De Henares, Spain

[4] Univ La Laguna, IUDR, E-38207 San Cristobal la Laguna, Spain

来源：

APPLIED ECONOMICS | 2014年 / 46卷 / 04期

关键词：

external imbalances; sustainability; current account; intertemporal budget constraint; F32; F41; CURRENT ACCOUNT DEFICIT; US CURRENT ACCOUNT; UNIT-ROOT TESTS; ADJUSTMENT; BUDGET; TREND; SOLVENCY; SHIFTS; TERMS; TRADE;

D O I：

10.1080/00036846.2013.851779

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article, we provide a test of the sustainability of external imbalances in the OECD countries over the period 1970 to 2007, i.e., before the beginning of the international financial crisis. Specifically, we deal with the case of those countries that have experienced current account deficits in more than half of the years throughout the period of analysis, and address the recent critique of Bohn (2007) on unit root and cointegration tests of the intertemporal budget constraint.

引用

页码：441 / 449

页数：9

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