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SUSTAINABILITY OF CURRENT ACCOUNT DEFICITS IN BRICS COUNTRIES

Year 2016, , 165 - 170, 30.06.2016
https://doi.org/10.17261/Pressacademia.2016219259

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.

Year 2016, , 165 - 170, 30.06.2016
https://doi.org/10.17261/Pressacademia.2016219259

Abstract

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Journal Section Articles
Authors

Serkan Tastan

Kivanc Halil Aric

Publication Date June 30, 2016
Published in Issue Year 2016

Cite

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

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