Current account sustainability in Central and Eastern Europe: structural change and crisis
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INVESTIGACIONMetadatos
Título
Current account sustainability in Central and Eastern Europe: structural change and crisisFecha de publicación
2020-02-13Editor
SpringerCita bibliográfica
CUESTAS, Juan Carlos; MONFORT BELLIDO, Mercedes (2020). Current account sustainability in Central and Eastern Europe: structural change and crisis. Empirica, online 13/2/2020Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://link.springer.com/article/10.1007/s10663-020-09473-7Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
In this paper we analyse the evolution of the current account as a percentage of GDP for a group of Central and Eastern European Countries. Instead of analysing only the variable for unit roots, we go a step further ... [+]
In this paper we analyse the evolution of the current account as a percentage of GDP for a group of Central and Eastern European Countries. Instead of analysing only the variable for unit roots, we go a step further and test for different speeds of mean reversion dependent on break dates endogenously determined. We apply the Bai and Perron method to find that most countries have managed to balance their current account, but some of them should keep an eye on the low speed of mean reversion and the deviation of the time trend from balance. [-]
Publicado en
Empirica (2020), online 13/2/2020Proyecto de investigación
Financial support from the MINEIC-AEI-FEDER ECO2017-85503-R and ECO2017-83255-C3-3-P projects, both of them from ‘Ministerio de Economía, Industria y Competitividad’ (MINEIC), ‘Agencia Estatal de Investigación’ (AEI) Spain and ‘Fondo Europeo de Desarrollo Regional’ (FEDER).Derechos de acceso
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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