Current Account Reversals and Persistency in Transition Regions

Aleksander Aristovnik

Zagreb International Review of Economics and Business, 2006, vol. 9, issue 1, pages 1-43

Abstract: The article investigates sharp reductions seen in current account deficits in transition countries in the 1992-2003 period. By using both descriptive statistical approaches as well as panel regression-based analysis the article focuses on three important aspects of these current account reversals: a) to examine those factors that might have triggered the reversals and to provide some insights into the current account adjustment process; b) to reveal some characteristics of persistent current account deficits; and c) to investigate the direct impact of these reversals on economic growth in the region.

Keywords: current account deficit; reversals; persistency; transition; GDP growth; panel data analysis (search for similar items in EconPapers)
JEL-codes: C33 F32 (search for similar items in EconPapers)
Date: 2006
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