On the stationarity of current account deficits in the European union

Mark J. Holmes, Jesús Otero, Theodore Panagiotidis

Resultado de la investigación: Contribución a una revistaArtículorevisión exhaustiva

19 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.

Idioma originalInglés estadounidense
Páginas (desde-hasta)730-740
Número de páginas11
PublicaciónReview of International Economics
Volumen18
N.º4
DOI
EstadoPublicada - sep 2010

All Science Journal Classification (ASJC) codes

  • Geografía, planificación y desarrollo
  • Desarrollo

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