期刊論文
| 學年 | 95 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2007-01-01 |
| 作品名稱 | Mean reversion in the current account of forty-eight african countries: Evidence from the Panel SURADF test |
| 作品名稱（其他語言） | |
| 著者 | Chang, Tsang-yao; Chang, Hsu-ling; Chu, Hsiao-ping; Su, Chi-wei; Yuan, Young |
| 單位 | 淡江大學國際貿易學系暨國際企業研究所 |
| 出版者 | Amsterdam: Elsevier BV * North-Holland |
| 著錄名稱、卷期、頁數 | PHYSICA A 384, pp.485-492 |
| 摘要 | Here, the Panel seemingly unrelated regressions augmented Dickey–Fuller test (SURADF) test, first introduced and advanced by Breuer et al. [Misleading inferences from panel unit-root tests with an illustration from purchasing power parity, Rev. Int. Econ. 9(3) (2001) 482–493], is used to investigate the mean-reverting behavior of the current account of 48 African countries during the 1980–2004 periods. The empirical results from numerous panel-based unit root tests, conducted earlier, indicated that the current account of each of these countries is stationary; however, when Breuer et al.'s (2001) Panel SURADF test is conducted, it is found that a unit root exists in the current account of 11 of the countries studied. These results have one extremely important policy implication for the 48 African countries studied: the current account deficit of most is sustainable, and thus signifying that those nations should have no incentive to default on their international debt. |
| 關鍵字 | Mean reversion; Current account; Panel SURADF test |
| 語言 | en |
| ISSN | 0378-4371 |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | |
| 國別 | NLD |
| 公開徵稿 | |
| 出版型式 | 電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/54911 ) |