Present Value Tests of the Current Account with Durables Consumption

Talan B. Iscan ()

Department of Economics at Dalhousie University working papers archive from Dalhousie, Department of Economics

Abstract: The present value tests of intertemporal model of the current account usually assume that all goods are traded and that aggregate consumption decisions can be closely approximated by a random walk process. This paper extends these models by explicitly introducing durables and nontraded goods into an intertemporal model of the current account, and tests the model using Canadian data.

Keywords: TRADE; CANADA; CURRENT ACCOUNT (search for similar items in EconPapers)
JEL-codes: F32 F41 (search for similar items in EconPapers)
Date: 1999

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Related works:
Working Paper: Present Value Tests of the Current Account with Durables Consumption (1999)
Journal Article: Present value tests of the current account with durables consumption (2002)
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Persistent link: http://EconPapers.repec.org/RePEc:dal:wparch:99-04

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