Ketenci, N;
Uz Akdogan, I;
Geldi, HK;
(2014)
Determinants of the Current Account in the Eu and PIIGS.
CEA Journal of Economics
, 9
(2)
pp. 5-14.
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Abstract
This paper investigates the relationship between current account balance and national savings, investment, budget deficit, and real exchange rate. These determinants of the current account are studied empirically by applying the Generalized Method of Moments for a sample of 24 European countries. The sample data are divided into three different groups, PIIGS, EU-PIIGS, and EU in order to study the group-specific estimations. The main result of the paper is that the determinants of our model are capable of accurately explaining past movements in current accounts for all selected groups. Additionally, current account determinants in the economically weak members, PIIGS, behave slightly differently from the rest of the EU.
| Type: | Article |
|---|---|
| Title: | Determinants of the Current Account in the Eu and PIIGS |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://journal.cea.org.mk/index.php/ceajournal/art... |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Current Account; European Union; Generalized Method of Moments |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10086725 |
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