ECONOMIC GROWTH-CURRENT ACCOUNT BALANCE RELATIONSHIP IN OECD COUNTRIES: ANALYSIS OF PANEL DATA

C. Erdem Hepaktan and Serkan Cinar ()

Anadolu University Journal of Social Sciences, 2012, vol. 12, issue 1, 43-58

Abstract: In this study, unit root tests, co-integration tests and long term co-efficient tests are researched with panel data of current account balance and GDP for OECD countries. In this research cross section dependence study is measured with LM tests and in conclusion. First generation unit root tests Levin-Lin and Chu(LLC), Breitung, Im-Peseran and Shin (IPS), Fisher ADF, Fisher PP and Hadri estimators are used with second generation unit root tests SURADF (Seemingly Unrelated Regression Augmented Dickey-Fuller), CADF (Cross-Sectionally Augmented Dickey-Fuller) and CIPS estimators. To measure co-integration, Pedroni, Kao, Johansen-Fisher and Westerlund co-integration tests are used. For forecast of long term co-efficent PMGE (Pooled Mean Group Estimation) and MGE (Mean Group Estimation) are used which are the estimators of DOLS. As a consequence of the econometric applications, co-integration relationship between economic growth and current account balance and long term statistically significant co-efficients which change between -0,2 and -0,4 are reached.

Keywords: Current Account Balance; Economic Growth; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: F30 F32 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.anadolu.edu.tr/arastirma/hakemli_dergil ... 012_1/2012-01-04.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:and:journl:v:12:y:2012:i:1:p:43-58

Access Statistics for this article

Anadolu University Journal of Social Sciences is currently edited by Ramazan Geylan

More articles in Anadolu University Journal of Social Sciences from Anadolu University Contact information at EDIRC.
Bibliographic data for series maintained by Social Sciences Institute ( this e-mail address is bad, please contact ).