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Determinants of Current Account Balance in Six ASEAN Countries: A Panel Analysis Approach

Soo Xin Lin and Jerome Kueh

International Journal of Economics and Finance, 2019, vol. 11, issue 7, 129

Abstract: This paper aims to examine the potential determinants of current account balance, which has been an interesting research topic in analysis over the decade. The relationship between current account balance and several different variables, such as fiscal balance, public debt, real GDP, and age dependency ratio for old and young, are examined. In this paper, the selected time period is from 1990 to 2016, in order to include the financial crisis period in six ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam). To this end, the research is based on the estimation of panel unit root, panel cointegration, panel Vector Error-Correction Model (VECM) and panel Granger causality. The findings show that all variables are cointegrated in the long-run and there are also unidirectional and bidirectional causal relationships in the short-run.

JEL-codes: R00 Z0 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:ibn:ijefaa:v:11:y:2019:i:7:p:129