Testing the intertemporal model of the current account: some evidence from Greece
This paper examines the lifecycle model of the current account determination in Greece. Bivariate vector autoregressive (VAR) analysis indicates that the past history of the current account has information content for future changes in national cash flow. The formal strong restrictions implied by the present-value model are rejected.
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Volume (Year): 3 (1996)
Issue (Month): 12 ()
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