Panel cointegration, quantile regressions, asymmetric adjustments and crises: The case of EU current accounts
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Títol
Panel cointegration, quantile regressions, asymmetric adjustments and crises: The case of EU current accountsData de publicació
2021-10-07Editor
ElsevierCita bibliogràfica
COLEMAN, Simeon; CUESTAS, Juan Carlos. Panel cointegration, quantile regressions, asymmetric adjustments and crises: The case of EU current accounts. Economic Systems, 2021, p. 100870.Tipus de document
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Resum
This paper investigates the relationships between the current account and several fundamentals, including the real exchange rate, government consumption, investment, openness, terms of trade and real income in the ... [+]
This paper investigates the relationships between the current account and several fundamentals, including the real exchange rate, government consumption, investment, openness, terms of trade and real income in the EU28 group of countries. A main feature of the study is that we also assess the relationships for two subgroups, the EU15 + Cyprus and Malta, and the CEECs. Using data spanning the period between 1995q1 and 2019q2, we identify similarities and differences between the responses in these two subgroups, which are obscured when an aggregate study of the EU28 is conducted, rather than sub-groups. Our results suggest that, in assessing the current account for economic blocs, an a priori assumption of similar relationships for member countries may be misplaced. [-]
Entitat finançadora
Ministerio de Economía, Industria y Competitividad (MINEIC), Spain | Agencia Estatal de Investigación (AEI), Spain | Fondo Europeo de Desarrollo Regional (FEDER)
Codi del projecte o subvenció
ECO2017-85503-R | ECO2017-83255-C3-3-P
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© 2021 Elsevier B.V. All rights reserved.
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info:eu-repo/semantics/openAccess
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info:eu-repo/semantics/openAccess
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