Evaluation of the determinants of growing current account deficit
Evaluation of the determinants of growing current account deficit
Author(s): Lina Garšvienė, Mindaugas ButkusSubject(s): National Economy, Economic history, Economic policy, International relations/trade, Developing nations, Comparative politics, Post-War period (1950 - 1989), Transformation Period (1990 - 2010), Present Times (2010 - today), Financial Markets, Transport / Logistics
Published by: Vilniaus Universiteto Leidykla
Keywords: growing current account deficit; determinants; logistic regression;
Summary/Abstract: The objective of the paper is to identify and generalize the factors determining the growth of current account deficit and select the periods of growing current account deficit and evaluate their determinants. The results of the analysis confirmed the growing current account deficit reaching from 3% to 30% of GDP in different developing and developed countries. The results showed that growing current account deficit is strongly determined by domestic demand and market prices; however, other factors such as national openness, international movement of capital, and the condition of world market have no significant impact.
Journal: Socialiniai tyrimai
- Issue Year: 38/2015
- Issue No: 1
- Page Range: 123-133
- Page Count: 11
- Language: English
