Mean-reverting behavior of current account in Asian countries

被引：22
|
作者：
Lau, E [1 ]
Baharumshah, AZ [1 ]
机构：
[1] Univ Putra Malaysia, Fac Econ & Management, Dept Econ, Serdang 43400, Malaysia
来源：
ECONOMICS LETTERS | 2005年 / 87卷 / 03期
关键词：
series specific panel unit root test; mean-reverting; Current account;
D O I：
10.1016/j.econlet.2005.01.006
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper adopted the series specific panel unit root test of Breuer et al. [Oxford Bulletin of Economics and Statistics 64 (2002, SURADF) 527-546] to test for the mean-reverting behavior of current account for the panel of twelve Asian countries. The results illustrate that the current accounts in these countries are a mixture of 1(0) and I(1) process and the commonly used panel root tests could lead to misleading inferences. (c) 2005 Elsevier B.V. All rights reserved.
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页码：367 / 371
页数：5
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