کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9553147 | 1375179 | 2005 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Are US current account deficits unsustainable?
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper re-examines whether the huge external deficits in the United States for the last few decades are sustainable by using time series methods. Two distinct analytical differences from earlier works are considered. First, the private sector and government are separated to construct the current account identities used in this paper. Second, both the necessary and sufficient conditions for the sustainability of external deficits are explicitly considered. Taking these modifications into consideration, the empirical results of this study do not necessarily reject the hypothesis that external deficits in the US are sustainable.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Japan and the World Economy - Volume 17, Issue 2, April 2005, Pages 223-237
Journal: Japan and the World Economy - Volume 17, Issue 2, April 2005, Pages 223-237
نویسندگان
Yoichi Matsubayashi,