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Are Imports and Exports Cointegrated: the Case of Bulgaria between 1967 and 2004

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Author Info

  • Bineau Yannick

    (EQUIPPE, Faculty of Economics, University of Lille I, 59655 Villeneuve d'Ascq Cedex, France)

Abstract

This note tests current account sustainability in Bulgaria from 1967 to 2004. Empirical analysis adopts various unit root and cointegration tests with structural breaks. Evidence of a long run relation between exports and imports in Bulgaria is shown, despite the financial crisis of 1996/8. Intertemporal current account constraint is not violated in Bulgaria.

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File URL: http://www.degruyter.com/view/j/jeb.2007.2.issue-2/v10033-007-0005-1/v10033-007-0005-1.xml?format=INT
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Bibliographic Info

Article provided by De Gruyter Open in its journal South East European Journal of Economics and Business.

Volume (Year): 2 (2007)
Issue (Month): 2 (November)
Pages: 53-56

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Handle: RePEc:vrs:seejeb:v:2:y:2007:i:2:p:53-56:n:5

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Web page: http://www.degruyteropen.com

Related research

Keywords: Current account sustainability; Cointegration; Bulgaria;

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Cited by:
  1. Heidari, Hassan & Katircioglu, Salih Turan & Davoudi, Narmin, 2012. "Are current account deficits sustainable? New evidence from Iran using bounds test approach to level relationships," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 6(46), pages 1-18.

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