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| Author: | Marquez, J. |
| Title: | Productivity, investment, and current accounts: reassessing the evidence |
| Journal: | Review of World Economics
2004 : VOL. 140:2, p. 282-301 |
| Index terms: | Current account Endogenous variables Investment Productivity |
| Language: | eng |
| Abstract: | The most widely accepted explanation for the inverse association between private investments and current accounts (Glick and Rogoff 1995) rests on data for manufacturers through 1990. Is this consensus robust to revisions to the national accounts and the expansion of information technologies since 1990? This study replicates their results to address the question and it is found that post-1990 developments eliminate the support for such a conclusion. Also alternative formulations are implemented and it is found, again, that there is no empirical support for their findings. |
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