Abstract: Conventional cointegration tests fail to consider information across countries, which leads to efficiency loss in estimation. In this article we apply panel cointegration tests to examine the cointegration between exports and imports among the G7. Our findings support the sustainability of current accounts among major industrial countries, which lends support to the intertemporal approach to the current account.
Publication Year: 2001
Publication Date: 2001-08-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 109
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