On the sustainability of current account deficits: evidence from four ASEAN countries
This paper examines the sustainability of the current account imbalance for four ASEAN countries (Indonesia, Malaysia, the Philippines, and Thailand) over the 1961–1999 period. To this end, we utilize the intertemporal budget constraint (IBC) model to explain the behavior of the current account in t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
| Published: |
Elsevier
2003
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| Online Access: | http://psasir.upm.edu.my/id/eprint/40299/1/On%20the%20sustainability%20of%20current%20account%20deficits%20evidence%20from%20four%20ASEAN%20countries.pdf http://psasir.upm.edu.my/id/eprint/40299/7/1-s2.0-S1049007803000381-main.pdf |