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Are the current accounts of Asian-5 economies mean-reverting? : new evidence from Fourier panel stationarity tests

Husein, Jamal; Kara, S. Murat; Pier, Chuck - In: Cogent economics & finance 11 (2023) 2, pp. 1-11

mainly employed traditional unit-root tests, our research stands out for its use of novel panel stationarity tests that …

Persistent link: https://www.econbiz.de/10014501140

Threshold adjustment in the current account : sustainability for danger zone economies?

Akdoğan, Kurmaş - In: Applied economics letters 21 (2014) 13/15, pp. 1006-1009

Persistent link: https://www.econbiz.de/10010418270

Current account sustainability and nonlinear adjustment

Akdoğan, Kurmaş; Husein, Jamal G. - In: Applied economics letters 29 (2022) 13, pp. 1182-1186

Persistent link: https://www.econbiz.de/10013412074

Stationarity and invertibility of a dynamic correlation matrix

McAleer, Michael - 2017 - Revised: September 2017

the stationarity and invertibility conditions of the DCC model. The derivation of DCC from a vector random coefficient … than the returns shocks. The derivation of the regularity conditions, especially stationarity and invertibility, should … than returns shocks, as well as the associated stationarity and invertibility conditions. …

Persistent link: https://www.econbiz.de/10011715983

Trade liberalisation and the balance of payments in selected developing countries

Santos-Paulino, Amelia U. (contributor) - 2002 - [Elektronische Ressource]

This paper analyses the impact of the reduction of tariff and non-tariff barriers on the trade balance and the current account of the balance of payments of 22 selected developing countries from Africa, Latin America, East Asia, and South Asia. The study presents estimates of dynamic panel data...

Persistent link: https://www.econbiz.de/10001689534

The impact of trade liberalisation on exports, imports, the balance of payments and growth : the case of Mexico

Pacheco-López, Penélope (contributor) - 2004 - [Elektronische Ressource]

The aim of this paper is to disentangle the effects of trade liberalisation during the mid-1980s from the liberalisation involved in the North American Free Trade Agreement (NAFTA) on exports, imports and the balance of payments in Mexico. The main empirical results suggest that the trade...

Persistent link: https://www.econbiz.de/10001923534

Does the real interest parity hypothesis hold? : Evidence for developed and emerging markets

Ferreira, Alex Luiz (contributor); … - 2003 - [Elektronische Ressource]

Evidence is presented on the Real Interest Parity Hypothesis for a set of emerging and developed countries. This is done by carrying out a set of unit-root tests on the real interest differentials with respect to Germany and the US. Our results support the hypothesis of a rapid reversion towards...

Persistent link: https://www.econbiz.de/10001877121

Trade liberalisation in Mexico : rhetoric and reality

Pacheco-López, Penélope (contributor); … - 2004 - [Elektronische Ressource]

This paper examines the process of trade liberalisation in Mexico, particularly since the mid-1980s and the signing of the NAFTA agreement, and its impact on economic performance. The average growth of GDP of the Mexican economy since liberalisation has been only one-half the rate...

Persistent link: https://www.econbiz.de/10002024403

Trade liberalisation, the balance of payments and growth in Latin America

Pacheco-López, Penélope (contributor); … - 2005

The broad purpose of trade liberalisation is to raise the rate of growth of countries on a sustainable basis, consistent with the achievement of other macroeconomic objectives. In this paper we consider whether trade liberalisation in seventeen countries of Latin America has improved the...

Persistent link: https://www.econbiz.de/10003051018

Current account sustainability in the US : what do we really know about its?

Christopulos, Dēmētrēs K. (contributor); … - 2004 - [Elektronische Ressource]

-linear behaviour under the null of stationarity. This is confirmed by a set of non-linearity tests. We then fit an ESTAR model to the … current account dynamics and reject the null of non-stationarity. Hence, we conclude in favour of sustainability. Furthermore … equilibrium and a slower speed of mean reversion. -- Current account sustainability ; stationarity ; non-linear models …

Persistent link: https://www.econbiz.de/10002364771