Econometric analysis and forecasting of Latvia's balance of payments
The main goal of the promotion paper is to forecast Latvia's current account, and using this forecast to define, whether the current account deficit is a significant risk factor for Latvian economy. The modelling of Latvia's current account is made by using econometric methodology, on the base of all the most important theoretical concepts of current account. Although the current account deficit is a risk factor for Latvian economy, it will not cause currency and financial crisis during the time period before Latvia's accession into the Economic and Monetary Union (EMU). The econometric models well describe Latvia's current account and its components. Developed current account models are suitable for macroeconomic analysis and forecasting.
|Date of creation:||Apr 2005|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
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.:
- Sato, Kazuo, 1977. "The Demand Function for Industrial Exports: A Cross-Country Analysis," The Review of Economics and Statistics, MIT Press, vol. 59(4), pages 456-64, November.
- Jorgen Drud Hansen & Morten Hansen, 2004. "Are the Current Account Deficits in the Baltic States Sustainable?," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 4(2), pages 5-24, July.
- Irving B. Kravis & Robert E. Lipsey & Eliot R. J. Kalter, 1977. "Export Prices and Exchange Rates," NBER Working Papers 0182, National Bureau of Economic Research, Inc.
- Vladimir Benacek & Ladislav Prokop & Jan A. Visek, 2003. "Determining Factors of the Czech Foreign Trade Balance: Structural Issues in Trade Creation," Working Papers 2003/03, Czech National Bank, Research Department.
- Sebastian Edwards, 2002.
"Does the Current Account Matter?,"
in: Preventing Currency Crises in Emerging Markets, pages 21-76
National Bureau of Economic Research, Inc.
- FranÁois J. Gurtner, 2003. "Currency Boards and Debt Traps: Evidence from Argentina and Relevance for Estonia," The World Economy, Wiley Blackwell, vol. 26(2), pages 209-228, 02.
- Claudio Montenegro & A. Senhadji Semlali, 1998. "Time Series Analysis of Export Demand Equations; A Cross-Country Analysis," IMF Working Papers 98/149, International Monetary Fund.
- Gian Maria Milesi-Ferrett & Assaf Razin, 1997.
"Sharp Reductions in Current Account Deficits: An Empirical Analyis,"
NBER Working Papers
6310, National Bureau of Economic Research, Inc.
- Maria Milesi-Ferretti, Gian & Razin, Assaf, 1998. "Sharp reductions in current account deficits An empirical analysis," European Economic Review, Elsevier, vol. 42(3-5), pages 897-908, May.
- Gian-Maria Milesi-Ferretti & Assaf Razin, 1997. "Sharp Reductions in Current Account Deficits; An Empirical Analysis," IMF Working Papers 97/168, International Monetary Fund.
- Marquez, Jaime & McNeilly, Caryl, 1988. "Income and Price Elasticities for Exports of Developing Countries," The Review of Economics and Statistics, MIT Press, vol. 70(2), pages 306-14, May.
- Gian Maria Milesi-Ferrett & Assaf Razin, 1996. "Sustainability of Persistent Current Account Deficits," NBER Working Papers 5467, National Bureau of Economic Research, Inc.
- Warmedinger, Thomas, 2004. "Import prices and pricing-to-market effects in the euro area," Working Paper Series 0299, European Central Bank.
- Stone, Joe A, 1979. "Price Elasticities of Demand for Imports and Exports: Industry Estimates for the U.S., the E.E.C. and Japan," The Review of Economics and Statistics, MIT Press, vol. 61(2), pages 306-12, May.
- Donal McGettigan, 2000. "Current Account and External Sustainability in the Baltics, Russia, and Other Countries of the Former Soviet Union," IMF Occasional Papers 189, International Monetary Fund.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:23274. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.