Is an intertemporal model of the current account valid for East Asian countries? Evidence from structural VAR

Is an intertemporal model of the current account valid for East Asian countries? Evidence from structural VAR

This paper aims to examine the validity of present-value model of current account (PVMCA) by analyzing dynamic responses of variables in PVMCA to structural shocks. In place of the cross-equation restriction tests used in existing research, we adopted a structural vector autoregression framework an...

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Bibliographic Details
Main Author: Chen-Yin Kuo
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2015-12-01
Series:Journal of Business Economics and Management
Subjects:
current account
structural vector autoregression
global shocks
countryspecific shocks
stochastic world interest rate
exchange rate
Online Access:https://journals.vgtu.lt/index.php/JBEM/article/view/2578

Internet

https://journals.vgtu.lt/index.php/JBEM/article/view/2578

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