Testing for the sustainability of the current account deficit in two industrial countries

Stilianos Fountas

doi:10.13025/22940

Testing for the sustainability of the current account deficit in two industrial countries

Stilianos Fountas

Economics

Research output: Contribution to a Journal (Peer & Non Peer) › Article › peer-review

46 Citations (Scopus)

Abstract

The objective of this paper is to test for the sustainability of the current account deficits in the United States and Canada over the 1973-1994 period. Using various unit root and cointegration tests, some of which allow for structural changes, we conclude that the real current account-deficits-to-GDP ratios are not sustainable.

Original language	English
Pages (from-to)	193-198
Number of pages	6
Journal	Economics Letters
Volume	52
Issue number	2
DOIs	https://doi.org/10.13025/22940 https://doi.org/10.1016/s0165-1765(96)06860-7
Publication status	Published - Aug 1996

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

Cointegration
Deficit sustainability
Regime shifts

Access to Document

10.13025/22940Licence: CC BY-NC-ND
10.1016/s0165-1765(96)06860-7

Wp 011Accepted author manuscript, 574 KBLicence: CC BY-NC-ND

Cite this

@article{ece7ca46c2654ee78b0fab1ae16d340d,

title = "Testing for the sustainability of the current account deficit in two industrial countries",

abstract = "The objective of this paper is to test for the sustainability of the current account deficits in the United States and Canada over the 1973-1994 period. Using various unit root and cointegration tests, some of which allow for structural changes, we conclude that the real current account-deficits-to-GDP ratios are not sustainable.",

keywords = "Cointegration, Deficit sustainability, Regime shifts",

author = "Stilianos Fountas",

year = "1996",

month = aug,

doi = "10.13025/22940",

language = "English",

volume = "52",

pages = "193--198",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "2",

}

TY - JOUR

T1 - Testing for the sustainability of the current account deficit in two industrial countries

AU - Fountas, Stilianos

PY - 1996/8

Y1 - 1996/8

N2 - The objective of this paper is to test for the sustainability of the current account deficits in the United States and Canada over the 1973-1994 period. Using various unit root and cointegration tests, some of which allow for structural changes, we conclude that the real current account-deficits-to-GDP ratios are not sustainable.

AB - The objective of this paper is to test for the sustainability of the current account deficits in the United States and Canada over the 1973-1994 period. Using various unit root and cointegration tests, some of which allow for structural changes, we conclude that the real current account-deficits-to-GDP ratios are not sustainable.

KW - Cointegration

KW - Deficit sustainability

KW - Regime shifts

UR - http://hdl.handle.net/10379/1365

UR - https://www.scopus.com/pages/publications/0030522278

U2 - 10.13025/22940

DO - 10.13025/22940

M3 - Article

SN - 0165-1765

VL - 52

SP - 193

EP - 198

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

Testing for the sustainability of the current account deficit in two industrial countries

Abstract

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this