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REVIEWING THE SUSTAINABILITY/STATIONARITY OF CURRENT ACCOUNT IMBALANCES WITH TESTS FOR BOUNDED INTEGRATION

✍ Scribed by HELMUT HERWARTZ; FANG XU

Book ID
111042717
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
152 KB
Volume
76
Category
Article
ISSN
1463-6786

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## Abstract The saving–investment correlation in the long run may be interpreted as an indicator of the respect of the nation's intertemporal budget constraint. In the context of the single equation method, the existence of such a long‐run relationship implies that the levels of the variables as re