Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27494
Authors: 
Galstyan, Vahagn
Year of Publication: 
2009
Series/Report no.: 
Economics Discussion Papers / Institut für Weltwirtschaft 2009-13
Abstract: 
This paper documents the dynamic properties of the current account, trade balance and international capital flows. For this purpose, two approaches are taken: probit and a nonparametric estimation. The probabilistic approach shows that, in general, deficits and net inflows tend to be more persistent than surpluses and net outflows. This result is robust to either specification of pooled and country-specific probits. The results of non-parametric estimation are in line with the results obtained from the probit.
Subjects: 
Capital flows
persistence
JEL: 
F30
F00
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type: 
Working Paper

Files in This Item:
File
Size
250.42 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.