Are Imports and Exports Cointegrated: the Case of Bulgaria between 1967 and 2004
AbstractThis 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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Bibliographic InfoArticle provided by De Gruyter Open in its journal South East European Journal of Economics and Business.
Volume (Year): 2 (2007)
Issue (Month): 2 (November)
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Web page: http://www.degruyteropen.com
Current account sustainability; Cointegration; Bulgaria;
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- 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.
- Heidari, Hassan & Katircioglu, Salih Turan & Davoudi, Narmin, 2012. "Are current account deficits sustainable? New evidence from Iran using bounds test approach to level relationship," Economics Discussion Papers 2012-24, Kiel Institute for the World Economy.
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