Are the current accounts of Asian-5 economies mean-reverting? New evidence from Fourier panel stationarity tests

Are the current accounts of Asian-5 economies mean-reverting? New evidence from Fourier panel stationarity tests

AbstractThis study offers a novel examination of the mean-reversion properties of the current account balances, expressed as a percentage of GDP, for the Asian-5 economies: Indonesia, Korea, Malaysia, the Philippines, and Thailand. While prior studies mainly employed traditional unit-root tests, our...

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Bibliographic Details
Main Authors: Jamal Husein, S. Murat Kara, Chuck Pier
Format: Article
Language:English
Published: Taylor & Francis Group 2023-10-01
Series:Cogent Economics & Finance
Subjects:
stationarity
nonlinearity
Fourier function
current account
C22
F32
Online Access:https://www.tandfonline.com/doi/10.1080/23322039.2023.2269758

Internet

https://www.tandfonline.com/doi/10.1080/23322039.2023.2269758

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