Current Account Reversals and Persistency in Transition Regions

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Current Account Reversals and Persistency in Transition Regions

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Aleksander Aristovnik (Faculty of Administration, University of Ljubljana, Slovenia)

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Aleksander Aristovnik

Abstract

The article investigates sharp reductions seen in current account deficits in transition countries in the 1992-2003 period. By using both descriptive statistical approaches as well as panel regression-based analysis the article focuses on three important aspects of these current account reversals: a) to examine those factors that might have triggered the reversals and to provide some insights into the current account adjustment process; b) to reveal some characteristics of persistent current account deficits; and c) to investigate the direct impact of these reversals on economic growth in the region.

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Article provided by Faculty of Economics and Business, University of Zagreb in its journal Zagreb International Review of Economics and Business.

Volume (Year): 9 (2006)
Issue (Month): 1 (May)
Pages: 1-43
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Handle: RePEc:zag:zirebs:v:9:y:2006:i:1:p:1-43

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Find related papers by JEL classification:
C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data
F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Bernardina Algieri & Thierry Bracke, 2007. "Patterns of Current Account Adjustment – Insights from Past Experience," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
Bernardina Algieri & Thierry Bracke, 2007. "Patterns of current account adjustment - insights from past experience," Working Paper Series 762, European Central Bank. [Downloadable!]

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