Current-Account Reversals in Developing Countries: The Role of Fundamentals
Bagnai, Alberto and Manzocchi, Stefano (1998) Current-Account Reversals in Developing Countries: The Role of Fundamentals. [Working Paper]. Social Science Electronic Pub. p. 32. SSRN Working Paper Series
![[img]](/style/images/fileicons/application_pdf.png) | PDF (Full text) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader 85Kb |
Official URL: http://papers.ssrn.com/sol3/papers.cfm?abstract_id...
Related URLs:
Abstract/Index
This paper studies episodes of current-account reversal in developing countries (DCs) in the period 1965-1994. First, a number of persistent shifts ("reversals") in the current-account balance dynamics are identified by structural break and segmented trend tests; then, the relationship between these reversals and a set of fundamentals suggested by the intertemporal approach to the current account is investigated in a panel-data set-up. We find that fundamentals play a different role in episodes of persistent deterioration or improvement of the current-account balance in DCs.
| Item Type: | Report / Paper (Working Paper) |
|---|---|
| Research documents and activity classification: | Working Papers > Refereed Working Papers / of international relevance |
| Divisions: | Department of Economics and Finance > LLEE (Luiss Lab of European Economics) |
| Additional Information: | The definitive version of the paper has been published in "Open Economies Review", Vol. 10 (2), Pages 143-163, May 1999. |
| Uncontrolled Keywords: | Current-account dynamics; Developing countries; Unit roots; Structural breaks; Panel data. |
| MIUR Scientific Area: | Area 13 - Economics and Statistics > SECS-P/01 Political Economy |
| Deposited By: | Maria Teresa Nistico |
| Deposited On: | 07 Dec 2010 16:48 |
| Last Modified: | 07 Dec 2010 17:18 |
Repository Staff Only: item control page
