Public Debt, Saving-Investment-Current Account Dynamics, and Capital Mobility in OECD countries, 1999-2013

Sal Amirkhalkhali and Atul Dar

Applied Econometrics and International Development, 2016, vol. 16, issue 1, 5-12

Abstract: Are countries with higher relative public debt levels also characterized by lower capital mobility? This paper attempts to address this question empirically by applying an error correction model of saving-investment-current account to data from 27 OECD countries over the 1999-2013 interval. We classify countries into five groups on the basis of the relative size of public debt. Our empirical results appear to support a stable current account which is indicative of low capital mobility or binding credit constraints when the public debt is high relative to GDP.

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.usc.es/~economet/reviews/aeid1611.pdf
No.

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:eaa:aeinde:v:16:y:2016:i:1_1

Ordering information: This journal article can be ordered from
http://www.usc.es/economet/info.htm

Access Statistics for this article

More articles in Applied Econometrics and International Development from Euro-American Association of Economic Development
Bibliographic data for series maintained by M. Carmen Guisan ().