메뉴 건너뛰기




Volumn 6, Issue 1, 2007, Pages 32-52

Are current account deficits in Eastern Europe and former Soviet Union too high?

Author keywords

Current account deficit; Determinants; Dynamic panel data; Excessiveness; Transition countries

Indexed keywords


EID: 34547631969     PISSN: 16484460     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (26)

References (54)
  • 1
    • 0004182788 scopus 로고    scopus 로고
    • 4th Edition, Boston: Addison Wesley Longman
    • Abell, A. B. and Bernanke, B. S. (2001), Macroeconomics, 4th Edition, Boston: Addison Wesley Longman.
    • (2001) Macroeconomics
    • Abell, A.B.1    Bernanke, B.S.2
  • 3
    • 84881844837 scopus 로고
    • Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations
    • Arellano, M. and Bond, S. (1991), 'Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations', Review of Economic Studies, Vol. 58, pp. 277-297.
    • (1991) Review of Economic Studies , vol.58 , pp. 277-297
    • Arellano, M.1    Bond, S.2
  • 4
    • 58149364940 scopus 로고
    • Another look at the instrumental variable estimation of error-components models
    • Arellano, M. and Bover, O. (1995), 'Another look at the instrumental variable estimation of error-components models', Journal of Econometrics, Vol. 68, No 1, pp. 29-51.
    • (1995) Journal of Econometrics , vol.68 , Issue.1 , pp. 29-51
    • Arellano, M.1    Bover, O.2
  • 5
    • 4644347763 scopus 로고    scopus 로고
    • Current Account Performance and Fiscal Policy: Evidence on the Twin Deficits in Central and Eastern Europe
    • Berlin, 7-8 September
    • Aristovnik, A. and Zajc, K. (2001), 'Current Account Performance and Fiscal Policy: Evidence on the Twin Deficits in Central and Eastern Europe', in: Economics of Transition: Theory, Experience and EU Enlargement, INFER, Berlin, 7-8 September, 2001, pp. 121-140.
    • (2001) Economics of Transition: Theory, Experience and EU Enlargement, INFER , pp. 121-140
    • Aristovnik, A.1    Zajc, K.2
  • 6
    • 41549096447 scopus 로고    scopus 로고
    • What determines the current account balances in Central and Eastern Europe?
    • Aristovnik, A. (2002), 'What determines the current account balances in Central and Eastern Europe?', Naše gospodarstvo (Our Economy), Vol. 48, No 5/6, pp. 450-467.
    • (2002) Naše gospodarstvo (Our Economy) , vol.48 , Issue.5-6 , pp. 450-467
    • Aristovnik, A.1
  • 8
    • 0002206552 scopus 로고    scopus 로고
    • Nuisance vs. substance: Specifying and estimating time-series-cross models
    • Beck, N. and Katz, J. N. (1996), 'Nuisance vs. substance: specifying and estimating time-series-cross models', Political Analysis, Vol. 6, pp. 1-36.
    • (1996) Political Analysis , vol.6 , pp. 1-36
    • Beck, N.1    Katz, J.N.2
  • 9
    • 34547634834 scopus 로고    scopus 로고
    • Bussière, M., Fratzscher, M., and Müller G. J. (2004), 'Current account dynamics in OECD and EU acceding countries - an intertemporal approach', EIB, Luxembourg, EIB Working Paper Series, No 311.
    • Bussière, M., Fratzscher, M., and Müller G. J. (2004), 'Current account dynamics in OECD and EU acceding countries - an intertemporal approach', EIB, Luxembourg, EIB Working Paper Series, No 311.
  • 10
    • 0039551279 scopus 로고    scopus 로고
    • Determinants of Current Account Deficits in Developing Countries
    • Calderon, C., Chong A. and Loayza, N. (2002), 'Determinants of Current Account Deficits in Developing Countries', Contributions to Macroeconomics, Vol. 2, pp. 1-35.
    • (2002) Contributions to Macroeconomics , vol.2 , pp. 1-35
    • Calderon, C.1    Chong, A.2    Loayza, N.3
  • 11
    • 0001271653 scopus 로고
    • Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis
    • Campbell, J. Y. (1987), 'Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis', Econometrica, Vol. 55, No 6, pp. 1249-1273.
    • (1987) Econometrica , vol.55 , Issue.6 , pp. 1249-1273
    • Campbell, J.Y.1
  • 13
    • 0037221368 scopus 로고    scopus 로고
    • Chinn, M. and Prasad, E. S. (2003), 'Medium-term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical Exploration', Journal of International Economics, Elsevier, 59, No 1, pp. 47-76.
    • Chinn, M. and Prasad, E. S. (2003), 'Medium-term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical Exploration', Journal of International Economics, Elsevier, Vol. 59, No 1, pp. 47-76.
  • 17
    • 33847375790 scopus 로고    scopus 로고
    • Les implication des deficits ciurants des PECO
    • Doisy, H. and Hervé, K. (2003), 'Les implication des deficits ciurants des PECO', Economies Internationale, Vol. 95, pp. 59-88.
    • (2003) Economies Internationale , vol.95 , pp. 59-88
    • Doisy, H.1    Hervé, K.2
  • 18
    • 24344470955 scopus 로고    scopus 로고
    • Long-run Current Account Deficits in Transition Economies
    • Duczynski, P. (2005), 'Long-run Current Account Deficits in Transition Economies', Eastern European Economics, Vol. 43, No 3, pp. 21-54.
    • (2005) Eastern European Economics , vol.43 , Issue.3 , pp. 21-54
    • Duczynski, P.1
  • 19
    • 0442287033 scopus 로고    scopus 로고
    • ECB , 2004, Frankfurt: ECB
    • ECB (2004), Convergence Report 2004, Frankfurt: ECB.
    • (2004) Convergence Report
  • 23
    • 33745558413 scopus 로고
    • Global versus Country-Specific Productivity Shocks and the Current Account
    • Glick R. and Rogoff K. (1995), 'Global versus Country-Specific Productivity Shocks and the Current Account', Journal of Monetary Economics, Vol. 35.
    • (1995) Journal of Monetary Economics , vol.35
    • Glick, R.1    Rogoff, K.2
  • 25
    • 33750469251 scopus 로고    scopus 로고
    • Is the Large US Current Account Deficit Sustainable?
    • Holman, J. A. (2001), 'Is the Large US Current Account Deficit Sustainable?', Federal Reserve Bank of Kansas City Economic Review, Vol. 86, No 1, pp. 5-23.
    • (2001) Federal Reserve Bank of Kansas City Economic Review , vol.86 , Issue.1 , pp. 5-23
    • Holman, J.A.1
  • 28
    • 0041413348 scopus 로고    scopus 로고
    • The Terms of Trade, Productivity Growth, and the Current Account
    • Iscan, T. B. (2000), 'The Terms of Trade, Productivity Growth, and the Current Account', Journal of Monetary Economics, Vol. 45.
    • (2000) Journal of Monetary Economics , vol.45
    • Iscan, T.B.1
  • 30
    • 52149088619 scopus 로고
    • On Bias, Inconsistency and Efficiency of Various Estimators in Dynamic Panel Data Models
    • Kiviet, J. (1995), 'On Bias, Inconsistency and Efficiency of Various Estimators in Dynamic Panel Data Models', J. Econometrics, Vol. 68, No 1, pp. 53-78.
    • (1995) J. Econometrics , vol.68 , Issue.1 , pp. 53-78
    • Kiviet, J.1
  • 33
    • 0004265265 scopus 로고    scopus 로고
    • 5th Edition, New York: Worth Publishers
    • Mankiw, G. N. (2003), Macroeconomics, 5th Edition., New York: Worth Publishers.
    • (2003) Macroeconomics
    • Mankiw, G.N.1
  • 34
    • 34547646090 scopus 로고    scopus 로고
    • Slovakia's External Current Account Deficit: Why So Large and Is it Sustainable?
    • Megarbane, P. (2002), 'Slovakia's External Current Account Deficit: Why So Large and Is it Sustainable?', Country Report, No 02/210.
    • (2002) Country Report , Issue.2-210
    • Megarbane, P.1
  • 35
    • 0028826968 scopus 로고
    • The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations
    • Mendoza, E. G. (1995), 'The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations', International Economic Review, Vol. 36, No 1, pp. 101-37.
    • (1995) International Economic Review , vol.36 , Issue.1 , pp. 101-137
    • Mendoza, E.G.1
  • 40
    • 84963036584 scopus 로고
    • Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?
    • Obstfeld, M. (1982), 'Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?', Quarterly Journal of Economics, Vol. 97, pp. 251-70.
    • (1982) Quarterly Journal of Economics , vol.97 , pp. 251-270
    • Obstfeld, M.1
  • 48
    • 0000002850 scopus 로고
    • The Current Account and Macroeconomic Adjustment in the 1970s
    • Sachs, J. D. (1981), 'The Current Account and Macroeconomic Adjustment in the 1970s', Brookings Papers on Economic Activity, No 1.
    • (1981) Brookings Papers on Economic Activity , Issue.1
    • Sachs, J.D.1
  • 49
    • 0031727261 scopus 로고    scopus 로고
    • Dynamics of the trade balance and the terms of trade in LDCs: The S-curve
    • Senhadji, A. S. (1998), 'Dynamics of the trade balance and the terms of trade in LDCs: The S-curve', Journal of International Economics, Vol. 46, pp. 105-131.
    • (1998) Journal of International Economics , vol.46 , pp. 105-131
    • Senhadji, A.S.1
  • 50
    • 0000210220 scopus 로고    scopus 로고
    • Terms-of-trade Shocks and Optimal Investment: Another Look at the Laursen-Metzler effect
    • Servén, L. (1999), 'Terms-of-trade Shocks and Optimal Investment: Another Look at the Laursen-Metzler effect', Journal of International Money and Finance, Vol. 18, pp. 337-65.
    • (1999) Journal of International Money and Finance , vol.18 , pp. 337-365
    • Servén, L.1
  • 51
    • 33751089400 scopus 로고    scopus 로고
    • International Financial Crises: Causes, Prevention, and Cures
    • Summers, L. H. (2000), 'International Financial Crises: Causes, Prevention, and Cures', American Economic Review, Vol. 90, No 2, pp. 12-28.
    • (2000) American Economic Review , vol.90 , Issue.2 , pp. 12-28
    • Summers, L.H.1
  • 52
    • 84910501704 scopus 로고
    • The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect
    • Svensson, L. and Razin, A. (1983), 'The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect', Journal of Political Economy, 91 (1), pp. 97-125.
    • (1983) Journal of Political Economy , vol.91 , Issue.1 , pp. 97-125
    • Svensson, L.1    Razin, A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.