Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/65838
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dc.contributor.authorYang, Lucunen_US
dc.date.accessioned2011-04-20en_US
dc.date.accessioned2012-11-02T14:29:57Z-
dc.date.available2012-11-02T14:29:57Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/65838-
dc.description.abstractLimited empirical work has been done to the diverging current account balances of the individual emerging Asian economies. Based on the intertemporal approach to current account, this paper empirically examines both the long-run and short-run impacts of initial stock of net foreign assets, degree of openness to international trade, real exchange rate and relative income on current account balances for eight selected emerging Asian economies over the period 1980-2009, making use of the cointegrated VAR (Vector Autoregression) methodology. This paper finds that current account behaviours in emerging Asian economies are heterogeneous. Initial stock of net foreign assets and degree of openness to international trade are important factors in explaining the long-run behaviour of current accounts. Moreover, the current accounts of all sample economies have a self-adjusting mechanism except China. Short-run current account adjustment towards long-run equilibrium path is gradual, with the disequilibrium term being the main determinant of the short-run current account variations.en_US
dc.language.isoengen_US
dc.publisher|aCardiff University, Cardiff Business School |cCardiffen_US
dc.relation.ispartofseries|aCardiff Economics Working Papers |xE2011/10en_US
dc.subject.jelE21en_US
dc.subject.jelF10en_US
dc.subject.jelF32en_US
dc.subject.jelF41en_US
dc.subject.ddc330en_US
dc.subject.keywordCurrent accounten_US
dc.subject.keywordEmerging Asiaen_US
dc.subject.keywordStructural and macroeconomic determinantsen_US
dc.subject.keywordSaving-investment balanceen_US
dc.subject.keywordCointegrationen_US
dc.subject.stwInternationale Wirtschaftsbeziehungenen_US
dc.subject.stwZahlungsbilanzgleichgewichten_US
dc.subject.stwAußenhandelsbeschränkungen_US
dc.subject.stwMakroökonomischer Einflussen_US
dc.subject.stwOstasienen_US
dc.titleAn empirical analysis of current account determinants in emerging Asian economiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn656749032en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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