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dc.contributor.authorGundlach, Erichen
dc.contributor.authorSinn, Stefanen
dc.date.accessioned2009-01-28T14:14:47Z-
dc.date.available2009-01-28T14:14:47Z-
dc.date.issued1991-
dc.identifier.citation|nInstitut für Weltwirtschaft (IfW) |lKiel |y1991en
dc.identifier.urihttp://hdl.handle.net/10419/750-
dc.description.abstractThis paper assesses the extent of international capital mobility in a time series context. It explores the possibility that the current account balance of different OECD-countries contains a unit root. It is shown that if the ratio of the current account balance to GDP is found to be integrated of the order of one, the country is likely to be part of the world capital market. The results for the whole period 1950-1988 indicate that the current account balance of at least Germany, Japan, and the United States contains a unit root. Considering the subperiods before and after 1972 it is shown that international capital mobility increased after the breakdown of the Bretton Woods System.en
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x495en
dc.subject.jelF21en
dc.subject.jelF32en
dc.subject.ddc330en
dc.subject.keywordInternational capital mobilityen
dc.subject.keywordcurrent account adjustmenten
dc.subject.keywordunit root testsen
dc.titleUnit root tests of the current account balance: implications for international capital mobility-
dc.typeWorking Paperen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:495en
dc.identifier.printppn118128450en
dc.date.issuedonline2009en
dc.publisher.online|aZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |cKiel, Hamburgen
econstor.documentversionDigitized Versionen
econstor.citation.publisherInstitut für Weltwirtschaft (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year1991en

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