haku: @indexterm CURRENT ACCOUNT / yhteensä: 36
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| Tekijä: | Chinn, M. D. Prasad, E. S. |
| Otsikko: | Medium-Term Determinants of Current Accounts in Industrial and Developing Countries: an Empirical Exploration |
| Lehti: | Journal of International Economics
2003 : JAN, VOL. 59:1, p. 47-76 |
| Asiasana: | CURRENT ACCOUNT INVESTMENT FOREIGN EXCHANGE POLICY SAVINGS ASSETS |
| Kieli: | eng |
| Tiivistelmä: | This paper provides an empirical investigation of the medium-term determinants of current accounts for a large sample of industrial and developing countries. Cross- section and panel regression techniques are used to characterize the variation of the current account across countries and over time. The authors find that current account balances are positively correlated with government budget balances and initial stocks of net foreign assets. Among developing countries, measures of financial deepening are positively associated with current account balances while indicators of openness to international trade are negatively correlated with current account balances. |
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