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- W3136365781 abstract "We assess the sustainability of external imbalances for EU countries using panel stationarity tests of Current Account (CA) balance-to-GDP ratios and panel co-integration of exports and imports of goods and services, for the period 1970Q1–2015Q4. We find that: i) the country panel is non-stationary; ii) cross-sectional dependence plays an important role; iii) there is non-stationarity of the CA, imports, and exports with cross-sectional panel dependence and multiple structural breaks; iv) however, there is a stable long-run relationship between exports and imports in the panel. Hence, trade imbalances can be less unsustainable but this is not sufficient to make current account imbalances sustainable." @default.
- W3136365781 created "2021-03-29" @default.
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- W3136365781 date "2019-01-01" @default.
- W3136365781 modified "2023-10-01" @default.
- W3136365781 title "Long-Run Relationship Between Exports and Imports: Current Account Sustainability Tests for the EU" @default.
- W3136365781 hasPublicationYear "2019" @default.
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