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The Determinants & Excessiveness of Current Account Deficits in Eastern Europe & the Former Soviet Union

dc.contributor.authorAristovnik, Aleksanderen_US
dc.date.accessioned2007-10-25T20:09:18Z
dc.date.available2007-10-25T20:09:18Z
dc.date.issued2006-06-01en_US
dc.identifier.otherRePEc:wdi:papers:2006-827en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/57207en_US
dc.description.abstractThe article investigates the main factors of current account deficits in order to assess the potential excessiveness of current account deficits in selected countries of Eastern Europe and former Soviet Union. According to the simulated benchmark calculated on the basis of selected determinants (in period 1992-2003), the results confirm that the actual current account balances are generally close to their estimated levels in the 2000-2003 period in the transition region. This notion is in line with the intertemporal approach to the current account balance, suggesting that higher external deficits are a natural outcome when permanent domestic output exceeds the current one and when current investments and government consumption exceed their permanent levels. Hence, the results suggest that most countries in Eastern Europe and former Soviet Union are justified in running relatively high current account deficits.en_US
dc.format.extent339248 bytes
dc.format.extent1802 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.relation.ispartofseries827en_US
dc.subjectTransition Countries, Current Account Deficits, Excessiveness, Determinants, Dynamic Panel Dataen_US
dc.subject.otherC33, F32en_US
dc.titleThe Determinants & Excessiveness of Current Account Deficits in Eastern Europe & the Former Soviet Unionen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.contributor.affiliationumWilliam Davidson Instituteen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/57207/1/wp827 .pdfen_US
dc.owningcollnameWilliam Davidson Institute (WDI) - Working Papers


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