CURRENT ACCOUNT SUSTAINABILITY IN EMERGING MARKETS: AN ANALYSIS WITH LINEAR AND NONLINEAR PANEL UNIT ROOT TESTS

Şeref Bozoklu; Veli Yılancı

EN TR

CURRENT ACCOUNT SUSTAINABILITY IN EMERGING MARKETS: AN ANALYSIS WITH LINEAR AND NONLINEAR PANEL UNIT ROOT TESTS

Abstract

This study examines the sustainability of current account deficits of eight emerging market economies, namely Brazil, Colombia, Czech Republic, Hungary, Indonesia, Peru, Russia and South Africa, over the period of 1996Q1-2009Q4 by employing linear and nonlinear panel unit root tests along with sequential panel selection method. While the results of the linear panel unit root test give evidence of the stationarity for the current accounts of Russia and Indonesia, the nonlinear panel unit root test indicates that only the current account of Indonesia is stationary. In this respect, the main contribution of the paper to related literature is to indicate the importance of distinguishing the linear and nonlinear adjustment processes in examining the current account sustainability.

Keywords

Current Account Sustainability, Nonlinearity, Panel Unit Root Tests, Sequential Panel Selection Method.

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Şeref Bozoklu

Veli Yılancı

Yayımlanma Tarihi

13 Ağustos 2014

Gönderilme Tarihi

13 Ağustos 2014

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2014 Cilt: 28 Sayı: 4

IZ

https://izlik.org/JA23MF43WB

APA

Bozoklu, Ş., & Yılancı, V. (2014). CURRENT ACCOUNT SUSTAINABILITY IN EMERGING MARKETS: AN ANALYSIS WITH LINEAR AND NONLINEAR PANEL UNIT ROOT TESTS. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 28(4), 251-264. https://izlik.org/JA23MF43WB

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CURRENT ACCOUNT SUSTAINABILITY IN EMERGING MARKETS: AN ANALYSIS WITH LINEAR AND NONLINEAR PANEL UNIT ROOT TESTS

CURRENT ACCOUNT SUSTAINABILITY IN EMERGING MARKETS: AN ANALYSIS WITH LINEAR AND NONLINEAR PANEL UNIT ROOT TESTS

Abstract

Keywords

GELİŞMEKTE OLAN ÜLKELERDE CARİ AÇIĞIN SÜRDÜRÜLEBİLİRLİĞİ: DOĞRUSAL VE DOĞRUSAL OLMAYAN BİRİM KÖK TESTLERİYLE BİR İNCELEME

Öz

Anahtar Kelimeler

Kaynakça

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Birincil Dil

Konular

Bölüm

Yazarlar

Yayımlanma Tarihi

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Yayımlandığı Sayı

IZ

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