An analysis of the trade balance for OECD countries using periodic integration and cointegration
Ver/ Abrir
Impacto
Scholar |
Otros documentos de la autoría: del Barrio Castro, Tomás; Camarero, Mariam; Tamarit, Cecilio
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
An analysis of the trade balance for OECD countries using periodic integration and cointegrationFecha de publicación
2015Editor
Springer Berlin HeidelbergISSN
0377-7332; 1435-8921Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://link.springer.com/article/10.1007%2Fs00181-014-0874-yVersión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
We analyze imbalances in external accounts that have historically affected most developed countries. The purpose of this study was to shed some light on the sustainability of the current account for a group of OECD ... [+]
We analyze imbalances in external accounts that have historically affected most developed countries. The purpose of this study was to shed some light on the sustainability of the current account for a group of OECD countries by merging the popular Husted (Rev Econ Stat 74(1):159–166, 1992) testing procedure with recent econometric analysis dealing with seasonality. A necessary condition for current account sustainability is that exports and imports are cointegrated. Following previous empirical studies (Husted 1992; Arize in Int Rev Econ Financ 11:101–115, 2002; Hamori in Appl Econ Lett 16:1691–1694, 2009), we analyze the long-run relationship linking exports and imports, using quarterly data. In contrast to these studies, we explicitly deal with seasonal effects through the use of periodic integration and cointegration and find a long-run relationship for the majority of the countries. [-]
Publicado en
Empirical Economics, 2015, vol. 49, núm. 2Derechos de acceso
© Springer-Verlag Berlin Heidelberg 2014
© Springer International Publishing AG, Part of Springer Science+Business Media
"The final publication is available at Springer via http://dx.doi.org/10.1007/s00181-014-0874-y"
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- ECO_Articles [688]