Testing for the Sustainability of the Current Account Deficit in Two Industrial Countries

Jyh-lin Wu, Stilianos Fountas and Show-lin Chen

No 11, Working Papers from National University of Ireland Galway, Department of Economics

Abstract: TThe objective of this paper is to test for the sustainability of the current account deficits in the U.S. and Canada over the 1973--1994 period. Using various unit root and cointegration tests some of which allow for structural changes, we conclude that the real current account deficits-to-GDP ratios are not sustainable.

JEL-codes: F30 (search for similar items in EconPapers)
Date: 1996, Revised 1996
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Published in Economics Letters Vol.52 No. 2, 1996

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