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Budgetary and external imbalances relationship : a panel data diagnostic

2008Working paper Open access
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dc.contributor.authorAfonso, António
dc.contributor.authorRault, Christophe
dc.date.accessioned2010-11-15T14:38:27Z
dc.date.available2010-11-15T14:38:27Z
dc.date.issued2008
dc.description.abstractWe assess the cointegration relationship between current account and budget balances, and effective real exchange rates, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship between the two imbalances for each country for the period 1970-2007, and for different EU and OECD country groupings. The panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and negative effects of budget balances on current account balances for several countries. The magnitude of the effects varies across countries, and there is no evidence pointing to a direct and close relationship between budgetary and current account balances.por
dc.identifier.citationAfonso, António e Christophe Rault. 2008. "Budgetary and external imbalances relationship : a panel data diagnostic". Instituto Superior de Economia e Gestão - DE Working papers nº 45-2008/DE/UECEpor
dc.identifier.issn0874-4548
dc.identifier.urihttp://hdl.handle.net/10400.5/2478
dc.language.isoengpor
dc.publisherISEG – Departamento de Economiapor
dc.relation.ispartofseriesDE/ Working papers nº 45-2008/DE/UECE
dc.relation.publisherversionhttps://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26546por
dc.subjectBudget Balancepor
dc.subjectExternal Balancepor
dc.subjectEUpor
dc.subjectPanel Cointegrationpor
dc.titleBudgetary and external imbalances relationship : a panel data diagnosticpor
dc.typeworking paper
dspace.entity.typePublication
rcaap.rightsopenAccesspor
rcaap.typeworkingPaperpor

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