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Equivalenza ricardiana in economia aperta: un'analisi dinamica su dati panel

Author

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  • Patrizia Margani

    () (ISAE, Roma)

  • Roberto Ricciuti

    () (Università di Firenze)

Abstract

We analyse Ricardian Equivalence in open economy using a panel of 18 developed countries for 1973-1998. We use a dynamic panel estimated via instrumental variables and we discuss why this specification should be preferred to a static model estimated via ordinary least squares. We find a significant effect of the budget balance on the current account, suggesting that Ricardian Equivalence does not hold.

Suggested Citation

  • Patrizia Margani & Roberto Ricciuti, 2006. "Equivalenza ricardiana in economia aperta: un'analisi dinamica su dati panel," Rivista di Politica Economica, SIPI Spa, vol. 96(3), pages 309-324, May-June.
  • Handle: RePEc:rpo:ripoec:v:96:y:2006:i:3:p:309-324
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    Cited by:

    1. repec:kap:iaecre:v:19:y:2013:i:3:p:289-310 is not listed on IDEAS
    2. Francesco Forte & Cosimo Magazzino, 2013. "Twin Deficits in the European Countries," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 19(3), pages 289-310, August.

    More about this item

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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