Determinants of current account balance in Romania
Determinants of current account balance in Romania
Author(s): Irina Marilena Ban, Ana-Simona MafteiSubject(s): Economy
Published by: Alma Mater & Universitatea »Babes Bolyai« Cluj - Facultatea de St. Economice si Gestiunea Afacerilor
Keywords: current account balance; ARDL bounds testing approach; cointegration; twin deficit
Summary/Abstract: The aim of this paper is to analyze the empirical linkages between Romanian current account balance and a set of macroeconomic variables. The Autoregressive Distributed Lag model was used to estimate both the short-run and the long-run determinants between 1998 and 2012. Results indicate that the fiscal balance has an important impact on current account balance along with the exchange rate and trade openness.
Journal: Review of Economic Studies and Research Virgil Madgearu
- Issue Year: VII/2014
- Issue No: 2
- Page Range: 5-23
- Page Count: 19
- Language: English
- Content File-PDF
