Pregled bibliografske jedinice broj: 984025
Three Decades of Current Account Adjustments
Three Decades of Current Account Adjustments // Comparative Economic Studies, 55 (2013), 2; 267-285 doi:10.1057/ces.2013.15 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 984025 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Three Decades of Current Account Adjustments
Autori
Mihaljek, Dubravko
Izvornik
Comparative Economic Studies (0888-7233) 55
(2013), 2;
267-285
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
current account imbalances ; external surpluses ; global rebalancing
Sažetak
This paper analyses evidence on macroeconomic adjustments to large changes in current account imbalances – both deficits and surpluses. It studies annual data on key macroeconomic variables for 26 advanced and emerging market economies (EMEs) between 1980 and 2012. We find that large reductions in deficits are associated with lower GDP growth and employment and vice versa. Large reductions in surpluses of EMEs are associated with higher GDP growth and employment than large increases in surpluses. A significant global rebalancing could be achieved if major economies implemented adjustments in line with their own recent experience.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
Citiraj ovu publikaciju:
Časopis indeksira:
- EconLit
Uključenost u ostale bibliografske baze podataka::
- EconLit
