Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/122136
Authors: 
Bollano, Jonida
Ibrahimaj, Delina
Year of Publication: 
2015
Series/Report no.: 
Graduate Institute of International and Development Studies Working Paper 22/2015
Abstract: 
This paper empirically investigates the determinants of current accounts for a sample of 11 Central and East European Countries outside the Euro area. To this end we rely on the estimation of a panel VAR model with fixed effects over the period Q1 2005 to Q42014. Consistent with existing literature, we show that domestic GDP, the fiscal deficit, and the real effective exchange rate are key determinants of the current accounts of these countries. The dynamic relationships revealed in the paper complement the empirical literature on several fronts by providing new evidence from these emerging market economies.
Subjects: 
current account determinants
Central East Europe
P-VAR
GMM estimation
JEL: 
F31
F32
F41
F42
Document Type: 
Working Paper

Files in This Item:
File
Size
366.63 kB





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