Skip to main content

Sustainability of external imbalances in the OECD countries

Buy Article:

$53.17 plus tax (Refund Policy)

Abstract:

In this article, we provide a test of the sustainability of external imbalances in the OECD countries over the period 1970 to 2007, i.e., before the beginning of the international financial crisis. Specifically, we deal with the case of those countries that have experienced current account deficits in more than half of the years throughout the period of analysis, and address the recent critique of Bohn (2007) on unit root and cointegration tests of the intertemporal budget constraint.

Keywords: F32; F41; current account; external imbalances; intertemporal budget constraint; sustainability

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036846.2013.851779

Affiliations: 1: Department of Economics, Universidad de Castilla-La Mancha, Ciudad Real, Spain 2: Department of Applied Economics, Universidad de Valencia, Valencia, Spain

Publication date: February 1, 2014

More about this publication?
routledg/raef/2014/00000046/00000004/art00009
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more