SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES

Volume: 5 Number: 2 June 30, 2016
Journal of Business Economics and Finance Cover
Journal of Business Economics and Finance
PDF Download
EN

SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES

Abstract

In this article, sustainability of the current account deficit (CAD) for BRICS countries is analyzed in a nonlinear framework. In this respect, Harvey, Leybourne, and Xiao (2008) linearity test and the unit root tests of Sollis (2009) and Kruse (2011) are used. The analysis is based on the quarterly current account (CA) balances as percentages of gross domestic product. Results indicate that the CADs are unsustainable for Brazil and India. However, the sustainability hypothesis is valid for South Africa when considering size nonlinearity.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Publication Date

June 30, 2016

Submission Date

April 13, 2016

Acceptance Date

-

Published in Issue

Year 2016 Volume: 5 Number: 2

DOI

https://doi.org/10.17261/Pressacademia.2016219259

IZ

https://izlik.org/JA28UR44HD

Cite

RIS / Bibtex
APA
Tastan, S., & Aric, K. H. (2016). SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES. Journal of Business Economics and Finance, 5(2), 165-170. https://doi.org/10.17261/Pressacademia.2016219259
AMA
1.Tastan S, Aric KH. SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES. JBEF. 2016;5(2):165-170. doi:10.17261/Pressacademia.2016219259
Chicago
Tastan, Serkan, and Kivanc Halil Aric. 2016. “SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES”. Journal of Business Economics and Finance 5 (2): 165-70. https://doi.org/10.17261/Pressacademia.2016219259.
EndNote
Tastan S, Aric KH (June 1, 2016) SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES. Journal of Business Economics and Finance 5 2 165–170.
IEEE
[1]S. Tastan and K. H. Aric, “SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES”, JBEF, vol. 5, no. 2, pp. 165–170, June 2016, doi: 10.17261/Pressacademia.2016219259.
ISNAD
Tastan, Serkan - Aric, Kivanc Halil. “SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES”. Journal of Business Economics and Finance 5/2 (June 1, 2016): 165-170. https://doi.org/10.17261/Pressacademia.2016219259.
JAMA
1.Tastan S, Aric KH. SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES. JBEF. 2016;5:165–170.
MLA
Tastan, Serkan, and Kivanc Halil Aric. “SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES”. Journal of Business Economics and Finance, vol. 5, no. 2, June 2016, pp. 165-70, doi:10.17261/Pressacademia.2016219259.
Vancouver
1.Serkan Tastan, Kivanc Halil Aric. SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES. JBEF. 2016 Jun. 1;5(2):165-70. doi:10.17261/Pressacademia.2016219259

Journal of Business, Economics and Finance (JBEF) is a scientific, academic, double blind peer-reviewed, semi-annual and open-access journal. The publication language is English. The journal publishes 2 issues a year. The issuing months are June and December. The journal aims to provide a research source for all practitioners, policy makers and researchers working in the areas of business, economics and finance. The Editor of JBEF invites all manuscripts that that cover theoretical and/or applied researches on topics related to the interest areas of the Journal. JBEF charges no submission or publication fee.



Ethics Policy - JBEF applies the standards of Committee on Publication Ethics (COPE). JBEF is committed to the academic community ensuring ethics and quality of manuscripts in publications. Plagiarism is strictly forbidden and the manuscripts found to be plagiarized will not be accepted or if published will be removed from the publication. Authors must certify that their manuscripts are their original work. Plagiarism, duplicate, data fabrication and redundant publications are forbidden. The manuscripts are subject to plagiarism check by iThenticate or similar. All manuscript submissions must provide a similarity report (up to 15% excluding quotes, bibliography, abstract, method).


Open Access - All research articles published in PressAcademia Journals are fully open access; immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Open access is a property of individual works, not necessarily journals or publishers. Community standards, rather than copyright law, will continue to provide the mechanism for enforcement of proper attribution and responsible use of the published work, as they do now.