Does Fiscal Policy Matter for the Trade Account?: A Panel Cointegration Study
This paper analyzes the empirical relationship between fiscal policy and the trade account. Research prior to this paper did not consider that the components of private and public demand in the import demand equation exhibit different elasticities. Using pooled mean group estimation for annual panel...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2006
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Schriftenreihe: | IMF Working Papers
Working Paper No. 06/147 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper analyzes the empirical relationship between fiscal policy and the trade account. Research prior to this paper did not consider that the components of private and public demand in the import demand equation exhibit different elasticities. Using pooled mean group estimation for annual panel data of the G-7 countries for the years 1970 through 2002, we provide empirical evidence that the composition of overall demand-i.e., the distribution among public demand, private demand, and export demand-has an impact on the magnitude of the trade account deficit |
Beschreibung: | 1 Online-Ressource (27 p) |
ISBN: | 1451864078 9781451864076 |
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spelling | Nickel, Christiane Verfasser aut Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study Nickel, Christiane Washington, D.C International Monetary Fund 2006 1 Online-Ressource (27 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 06/147 This paper analyzes the empirical relationship between fiscal policy and the trade account. Research prior to this paper did not consider that the components of private and public demand in the import demand equation exhibit different elasticities. Using pooled mean group estimation for annual panel data of the G-7 countries for the years 1970 through 2002, we provide empirical evidence that the composition of overall demand-i.e., the distribution among public demand, private demand, and export demand-has an impact on the magnitude of the trade account deficit Online-Ausg Funke, Katja Sonstige oth http://elibrary.imf.org/view/IMF001/01820-9781451864076/01820-9781451864076/01820-9781451864076.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Nickel, Christiane Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study |
title | Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study |
title_auth | Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study |
title_exact_search | Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study |
title_exact_search_txtP | Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study |
title_full | Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study Nickel, Christiane |
title_fullStr | Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study Nickel, Christiane |
title_full_unstemmed | Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study Nickel, Christiane |
title_short | Does Fiscal Policy Matter for the Trade Account? |
title_sort | does fiscal policy matter for the trade account a panel cointegration study |
title_sub | A Panel Cointegration Study |
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