Mean reversion in the current account of forty-eight african countries: Evidence from the Panel SURADF test

doi:10.1016/j.physa.2007.05.051

淡江大學機構典藏 > 商管學院 > 國際企業學系暨研究所 > 期刊論文 > Item 987654321/54911

jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/54911

题名:	Mean reversion in the current account of forty-eight african countries: Evidence from the Panel SURADF test
作者:	Chang, Tsang-yao;Chang, Hsu-ling;Chu, Hsiao-ping;Su, Chi-wei;Yuan, Young
贡献者:	淡江大學國際貿易學系暨國際企業研究所
关键词:	Mean reversion;Current account;Panel SURADF test
日期:	2007
上传时间:	2011-07-28 00:54:31 (UTC+8)
出版者:	Amsterdam: Elsevier BV * North-Holland
摘要:	Here, the Panel seemingly unrelated regressions augmented Dickey–Fuller test (SURADF) test, first introduced and advanced by Breuer et al. [Misleading inferences from panel unit-root tests with an illustration from purchasing power parity, Rev. Int. Econ. 9(3) (2001) 482–493], is used to investigate the mean-reverting behavior of the current account of 48 African countries during the 1980–2004 periods. The empirical results from numerous panel-based unit root tests, conducted earlier, indicated that the current account of each of these countries is stationary; however, when Breuer et al.'s (2001) Panel SURADF test is conducted, it is found that a unit root exists in the current account of 11 of the countries studied. These results have one extremely important policy implication for the 48 African countries studied: the current account deficit of most is sustainable, and thus signifying that those nations should have no incentive to default on their international debt.
關聯:	PHYSICA A 384, pp.485-492
DOI:	10.1016/j.physa.2007.05.051
显示于类别:	[國際企業學系暨研究所] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
index.html		0Kb	HTML	144	检视/开启
Mean reversion in the current account of forty-eight african countries Evidence from the Panel SURADF test.pdf		158Kb	Adobe PDF	1	检视/开启

在機構典藏中所有的数据项都受到原著作权保护.

TAIR相关文章

数据加载中.....