Sustainability of balancing item of balance of payment for OECD countries: evidence from Fourier Unit Root Tests
In this paper, the sustainability of the balancing item of balance of payments is examined for 33 OECD (Organization for Economic Co-operation and Development) member countries. The sample period of each country is dependent upon the availability of data and Fourier unit root tests are employed in a...
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2015-09-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1112.pdf
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| Summary: | In this paper, the sustainability of the balancing item of balance of payments is
examined for 33 OECD (Organization for Economic Co-operation and Development)
member countries. The sample period of each country is dependent upon the availability of
data and Fourier unit root tests are employed in analysis. According to the empirical
analysis the balancing item of balance of payments is sustainable for Australia, Canada,
Hungary, Norway, Switzerland and United States. The results also show that nonlinearity is
essential characteristic for the balancing item of balance of payments. |
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| ISSN: | 1841-8678 1844-0029 |