The sustainability of trade accounts of the G-7 countries
AbstractThis article has examined the sustainability of the trade accounts of the G-7 countries by analysing the long-run equilibrium between exports and imports. We applied the techniques of the recently developed nonstationary panel data analysis and found that the trade accounts of the G-7 countries are very likely to be nonstationary variables. This implies that trade accounts are not sustainable for the G-7 countries. Therefore, some appropriate policies must be implemented to prevent trade imbalances from increasing.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 16 (2009)
Issue (Month): 17 ()
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- Mariam Camarero & Josep Lluís Carrion-i-Silvestre & Cecilio Tamarit, 2013.
"Global imbalances and the Intertemporal External Budget Constraint: A multicointegration approach,"
1303, Department of Applied Economics II, Universidad de Valencia.
- Camarero, Mariam & Carrion-i-Silvestre, Josep Lluís & Tamarit, Cecilio, 2013. "Global imbalances and the intertemporal external budget constraint: A multicointegration approach," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 5357-5372.
- HASHIGUCHI, Yoshihiro & HAMORI, Shigeyuki, 2010.
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24054, University Library of Munich, Germany.
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- Fengbao Yin & Shigeyuki Hamori, 2011. "The Sustainability of Trade Balances in China," Economics Bulletin, AccessEcon, vol. 31(3), pages 2090-2097.
- Tomas del Barrio Castro & Mariam Camarero & Cecilio Tamarit, 2013. "The trade balance in euro countries: a natural case study of periodic integration with a changing mean," Working Papers 1321, Department of Applied Economics II, Universidad de Valencia.
- Tomas del Barrio Castro & Mariam Camarero & Cecilio Tamarit, 2013. "An analysis of the trade balance for OECD countries using periodic integration and cointegration," Working Papers 1320, Department of Applied Economics II, Universidad de Valencia.
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