Sustainability of external imbalances in the OECD countries

Oscar Bajo-Rubio (), Carmen Diaz-Roldan and Vicente Esteve

No 10/13, Working Papers from Instituto Universitario de Análisis Económico y Social

Abstract: In this paper, we provide a test of the sustainability of external imbalances in the OECD countries over the years 1970-2007, i.e., before the beginning of the international financial crisis. Specifically, we deal with the case of those countries that have experienced current account deficits in more than half of the years throughout the period of analysis, and address the recent critique of Bohn (2007) on unit root and cointegration tests of the intertemporal budget constraint.

Keywords: External imbalances; Sustainability; Current account. (search for similar items in EconPapers)
Pages: 22 pages
Date: 2013-10
New Economics Papers: this item is included in nep-opm
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Sustainability of external imbalances in the OECD countries (2014)
Working Paper: Sustainability of external imbalances in the OECD countries (2012)
Working Paper: Sustainability of external imbalances in the OECD countries (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:uae:wpaper:1013

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