On The Sustainability of the EUs Current Account Deficits

In this paper, we test for the stationarity of EU current account deficits. Our testing strategy addresses two key concerns with regard to unit root panel data testing, namely (i) the identification of which members-states are stationary, and (ii) the presence of cross-sectional dependence. For this...

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Tipo de recurso:
Fecha de publicación:
2007
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/28411
Acceso en línea:
https://repository.urosario.edu.co/handle/10336/28411
Palabra clave:
Heterogeneous dynamic panels
Current account sustainability
Mean reversion
Panel stationarity test
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network_acronym_str EDOCUR2
network_name_str Repositorio EdocUR - U. Rosario
repository_id_str
spelling 79242814600eb727fd3-c31e-4a26-8c50-6f3fee0e65b3-12020-08-28T15:48:08Z2020-08-28T15:48:08Z2007-06In this paper, we test for the stationarity of EU current account deficits. Our testing strategy addresses two key concerns with regard to unit root panel data testing, namely (i) the identification of which members-states are stationary, and (ii) the presence of cross-sectional dependence. For this purpose, we employ a moving block bootstrap approach to the Hadri (2000) test. While there is evidence that current account sustainability applies to panels comprising EU members, this is not the case when non-EU economies are considered.application/pdfISSN: 1750-4171https://repository.urosario.edu.co/handle/10336/28411engLoughborough UniversityOn The Sustainability of the EUs Current Account DeficitsOn The Sustainability of the EUs Current Account Deficits, ISSN: 1750-4171 (2007)https://www.researchgate.net/profile/Theodore_Panagiotidis/publication/5162488_On_The_Sustainability_of_the_EU's_Current_Account_Deficits/links/004635232c087897e3000000.pdfAbierto (Texto Completo)http://purl.org/coar/access_right/c_abf2On The Sustainability of the EUs Current Account Deficitsinstname:Universidad del Rosarioreponame:Repositorio Institucional EdocURHeterogeneous dynamic panelsCurrent account sustainabilityMean reversionPanel stationarity testOn The Sustainability of the EUs Current Account DeficitsSobre la sostenibilidad de los déficits por cuenta corriente de la UEarticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Otero Cardona, Jesús GilbertoHolmes, Mark J.10336/28411oai:repository.urosario.edu.co:10336/284112021-06-03 00:49:47.866https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv On The Sustainability of the EUs Current Account Deficits
dc.title.TranslatedTitle.spa.fl_str_mv Sobre la sostenibilidad de los déficits por cuenta corriente de la UE
title On The Sustainability of the EUs Current Account Deficits
spellingShingle On The Sustainability of the EUs Current Account Deficits
Heterogeneous dynamic panels
Current account sustainability
Mean reversion
Panel stationarity test
title_short On The Sustainability of the EUs Current Account Deficits
title_full On The Sustainability of the EUs Current Account Deficits
title_fullStr On The Sustainability of the EUs Current Account Deficits
title_full_unstemmed On The Sustainability of the EUs Current Account Deficits
title_sort On The Sustainability of the EUs Current Account Deficits
dc.subject.keyword.spa.fl_str_mv Heterogeneous dynamic panels
Current account sustainability
Mean reversion
Panel stationarity test
topic Heterogeneous dynamic panels
Current account sustainability
Mean reversion
Panel stationarity test
description In this paper, we test for the stationarity of EU current account deficits. Our testing strategy addresses two key concerns with regard to unit root panel data testing, namely (i) the identification of which members-states are stationary, and (ii) the presence of cross-sectional dependence. For this purpose, we employ a moving block bootstrap approach to the Hadri (2000) test. While there is evidence that current account sustainability applies to panels comprising EU members, this is not the case when non-EU economies are considered.
publishDate 2007
dc.date.created.spa.fl_str_mv 2007-06
dc.date.accessioned.none.fl_str_mv 2020-08-28T15:48:08Z
dc.date.available.none.fl_str_mv 2020-08-28T15:48:08Z
dc.type.eng.fl_str_mv article
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.spa.spa.fl_str_mv Artículo
dc.identifier.issn.none.fl_str_mv ISSN: 1750-4171
dc.identifier.uri.none.fl_str_mv https://repository.urosario.edu.co/handle/10336/28411
identifier_str_mv ISSN: 1750-4171
url https://repository.urosario.edu.co/handle/10336/28411
dc.language.iso.spa.fl_str_mv eng
language eng
dc.relation.citationTitle.none.fl_str_mv On The Sustainability of the EUs Current Account Deficits
dc.relation.ispartof.spa.fl_str_mv On The Sustainability of the EUs Current Account Deficits, ISSN: 1750-4171 (2007)
dc.relation.uri.spa.fl_str_mv https://www.researchgate.net/profile/Theodore_Panagiotidis/publication/5162488_On_The_Sustainability_of_the_EU's_Current_Account_Deficits/links/004635232c087897e3000000.pdf
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.acceso.spa.fl_str_mv Abierto (Texto Completo)
rights_invalid_str_mv Abierto (Texto Completo)
http://purl.org/coar/access_right/c_abf2
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Loughborough University
dc.source.spa.fl_str_mv On The Sustainability of the EUs Current Account Deficits
institution Universidad del Rosario
dc.source.instname.none.fl_str_mv instname:Universidad del Rosario
dc.source.reponame.none.fl_str_mv reponame:Repositorio Institucional EdocUR
repository.name.fl_str_mv Repositorio institucional EdocUR
repository.mail.fl_str_mv edocur@urosario.edu.co
_version_ 1814167510138748928

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