The current account sustainability in Central and Eastern Europe: Has it changed?

Juan Cuestas

No 2019/10, Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain)

Abstract: In this paper we aim to analyse the evolution of the current account as percentage of the GDP for a group of Central and Eastern European Countries. Instead of only analysing the variable for unit roots, we go a step further and test for different speeds of mean reversion dependent on break dates endogenously determined. We apply the Bai and Perron method to find that although most countries have managed to balance their current account but some of them should keep an eye on a low speed of mean reversion and deviating time trend from balance.

Keywords: debt; Central and Eastern Europe; structural breaks; European integration (search for similar items in EconPapers)
JEL-codes: C22 F15 F32 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2019
New Economics Papers: this item is included in nep-eec, nep-ets, nep-ore and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.doctreballeco.uji.es/wpficheros/Cuestas_10_2019.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:jau:wpaper:2019/10

Access Statistics for this paper

More papers in Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain) Contact information at EDIRC.
Bibliographic data for series maintained by María Aurora Garcia Gallego ().