On the stationarity of current account deficits in the European union

Mark J. Holmes, Jesús Otero, Theodore Panagiotidis

Resultado de la investigación: Contribución a RevistaArtículo

17 Citas (Scopus)

Resumen

In this paper, we test for the stationarity of EU current account deficits. Our testing strategy addresses two key concerns with regard to unit-root panel data testing, namely (i) the identification of which panel members are stationary, and (ii) the presence of cross-sectional dependence. For this purpose, we employ an AR-based bootstrap approach to the Hadri (2000) test. While there is only mixed evidence that current account stationarity applies when examining individual countries, this does not appear to be the case when considering panels comprising both EU and non-EU members. © 2010 Blackwell Publishing Ltd.
Idioma originalEnglish (US)
Páginas (desde-hasta)730-740
Número de páginas11
PublicaciónReview of International Economics
DOI
EstadoPublished - sep 1 2010

Huella dactilar

current account
European Union
deficit
EU
panel data
evidence
test

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On the stationarity of current account deficits in the European union. / Holmes, Mark J.; Otero, Jesús; Panagiotidis, Theodore.

En: Review of International Economics, 01.09.2010, p. 730-740.

Resultado de la investigación: Contribución a RevistaArtículo

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