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Long-run relationship between exports and ...
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Document type :
Article dans une revue scientifique
DOI :
10.1007/s10258-019-00168-x
Title :
Long-run relationship between exports and imports: current account sustainability tests for the EU
Author(s) :
Afonso, Antonio [Auteur]
Huart, Florence [Auteur] orcid refId
Lille économie management - UMR 9221 [LEM]
Economie Quantitative, Intégration, Politiques Publiques et Econométrie [EQUIPPE]
Jalles, João Tovar [Auteur]
Stanek, Piotr [Auteur]
Journal title :
Portuguese Economic Journal
Publisher :
Springer Verlag
Publication date :
2019-12-20
ISSN :
1617-982X
HAL domain(s) :
Sciences de l'Homme et Société
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
We assess the sustainability of external imbalances for EU countries using panel stationarity tests of Current Account (CA) balance-to-GDP ratios and panel cointegration of exports and imports of goods and services, for ...
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We assess the sustainability of external imbalances for EU countries using panel stationarity tests of Current Account (CA) balance-to-GDP ratios and panel cointegration of exports and imports of goods and services, for the period 1970Q1–2015Q4. We find that: i) the country panel is non-stationary; ii) cross-sectional dependence plays an important role; iii) there is non-stationarity of the CA, imports, and exports with cross-sectional panel dependence and multiple structural breaks; iv) however, there is a stable long-run relationship between exports and imports in the panel. Hence, trade imbalances can be less unsustainable but this is not sufficient to make current account imbalances sustainable.Show less >
Language :
Anglais
Peer reviewed article :
Oui
Audience :
Internationale
Popular science :
Non
Collections :
  • Lille Économie Management (LEM) - UMR 9221
Source :
Harvested from HAL
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  • https://rem.rc.iseg.ulisboa.pt/wps/pdf/REM_WP_099_2019.pdf
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