Assessing the Current Account Sustainability in ECCAS economies: A Dual Cointegration Analysis

Marius Amba (), Taoufiki Mbratana and Gilles Quentin Kane

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the sustainability of the current account defcits in eight Economic Community of Central African States (ECCAS). The empirical investigation rely on both panel and Intra-panel approach to test for long-run relationship between variables. Furthermore, non-linearity as well as asymmetric adjustment of Enders and Siklos (2001) is taken into account in cointegration analysis. Results from panel analysis show that; although exports and imports are cointegrated, the current account defcits is weakly sustainable in ECCAS over the period 1970 to 2015. These results also hold in each country’s analysis. Therefore, these eight ECCAS countries should implement policies to reinforce the sustainability of the current account defcits

Keywords: Current account; Sustainability; ECCAS; Threshold Cointegration (search for similar items in EconPapers)
JEL-codes: C2 F32 (search for similar items in EconPapers)
Date: 2017, Revised 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/79942/1/MPRA_paper_79942.pdf original version (application/pdf)

Related works:
Journal Article: Assessing the current account sustainability in ECCAS economies: A dual cointegration analysis (2017)
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:pra:mprapa:79942

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().