Current Account Dynamics and Determinants in the European Union

Maria-Isadora Lazar () and Ramona-Mihaela Paun ()
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Maria-Isadora Lazar: The Bucharest University of Economic Studies
Ramona-Mihaela Paun: The Bucharest University of Economic Studies

A chapter in Entrepreneurship, Business and Economics - Vol. 2, 2016, pp 299-306 from Springer

Abstract: Abstract European Union economies are facing important internal and external imbalances, as highlighted by the recent crises. Although progress has been made in order to reduce the gaps, the situation is still worrying. In this paper we aim at identifying the main determinants of current account balance in the European Union, as competitiveness is one of the major issues that need to be resolved regarding the European economies, aside with fiscal sustainability. We analyze the dynamics of current account balance in the European Union and test the effects of some economic imbalances, as highlighted by the current crises, considering data for the European Union member states covering years 2000–2013. Based on the results of panel data analysis we make considerations on future dynamics of the European Union economies.

Keywords: Competitiveness; Current account balance; Macroeconomic imbalances (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-319-27573-4_20

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DOI: 10.1007/978-3-319-27573-4_20

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