Current account sustainability in the US: What did we really know about it?

Does globalization promote real output? Evidence from quantile cointegration regression

“…Lee and Chang (2007) also argue that once researchers adopt the nonlinear method, then they will obtain more valuable and meaningful results by incorporating such improvements in their estimation approach; see also Christopoulos and León-Ledesma (2010) who claim that linear tests usually combing with low power in the presence of misspecified dynamics thus resulting in problem to over acceptance of the null hypothesis. Given these regards, we follow Christopoulos and León-Ledesma (2010) to apply both generalized version of Ramsey's RESET tests (GRESET, henceforth) for non-linearity to test whether the variables behave with non-linearity or not.…”

Determinants of the current account balance in Indonesia

“…The current account deficit is one of the main indicators of external imbalance of global economies (Duncan, 2016;Garg and Prabheesh, 2017;Gervais et al, 2016;Hobza and Zeugner, 2014;Tan et al, 2015). The concept of current account deficit has long been the focus of research debates for economic policy making (Belkar and Cockerell, 2007;Chen, 2011;Christopoulos and Leo, 2010;Elgin and Kuzubas, 2013;Unger, 2017;Yurdakul and Cevher, 2015).…”

Current account sustainability in advanced economies

“…More recently, another strand of the literature has focused on the use of nonlinear univariate unit-root tests (Chen, 2011;Christopoulos and León-Ledesma, 2010;Kim et al, 2009). Both empirical evidence and theoretical arguments point to the presence of nonlinearities in current account dynamics, as any factors affecting the expectations of market participants regarding a country's net indebtedness (e.g.…”