Mello, Luiz de; Padoan, Pier Carlo; Rousová, Linda - Economics Department, Organisation de Coopération et … - 2011
This paper assesses empirically whether or not current account reversals have permanent growth effects and the role of … current account reversals is applied to the real growth rate of GDP of more than 100 countries during the period 1971-2007. We … use ordered probit models to show that current account reversals associated with improvements in external positions …