Sustainability of current account balances in small states
Jeetendra Khadan and
Economics and Business Letters, 2020, vol. 9, issue 1, 14-20
This article applies the inter-temporal budget constraint framework and panel cointegration tests to examine the sustainability of current account deficits in 17 small states over the period 1995-2016. The findings show the existence of cointegration between real exports and real imports, but with the magnitude of the long-run coefficient being less than one, which support a â€œweakâ€ form of current account sustainability in small states.
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Persistent link: https://EconPapers.repec.org/RePEc:ove:journl:aid:13896
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