TESTING THE INTERTEMPORAL MODEL OF THE CURRENT ACCOUNT - SOME EVIDENCE FROM GREECE

Authors
KARFAKIS C
Citation
C. Karfakis, TESTING THE INTERTEMPORAL MODEL OF THE CURRENT ACCOUNT - SOME EVIDENCE FROM GREECE, Applied economics letters, 3(12), 1996, pp. 759-762
Citations number
6
Categorie Soggetti
Economics
Journal title
Applied economics letters → ACNP
ISSN journal
13504851
Volume
3
Issue
12
Year of publication
1996
Pages
759 - 762
Database
ISI
SICI code
1350-4851(1996)3:12<759:TTIMOT>2.0.ZU;2-8
Abstract
This paper examines the lifecycle model of the current account determi nation in Greece. Bivariate vector autoregressive (VAR) analysis indic ates that the past history of the current account has information cont ent for future changes in national cash flow. The formal strong restri ctions implied by the present-value model are rejected.