Current account deficit sustainability: The case of Greece

Nicholas Apergis · Konstantinos P. Katrakilidis · Nicholas M. Tabakis

91 citations0/0 files storedApplied Economics Letters

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Global Financial Crisis and Policies Monetary Policy and Economic Impact Fiscal Policies and Political Economy

Abstract

The objective of this paper is to investigate the sustainability of the current account deficit in Greece over the 1960–1994 period. The empirical analysis makes use of various unit root and cointegration tests which allow for structural breaks. The results provide evidence in favour of the sustainability of the current account deficit and against a required (and unnecessary) devaluation of the drachma.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 91 citations exist upstream.

References

1981Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root 1990MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY 1980Macroeconomics and Reality 2002Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis 1993A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems 1987Time Series Regression with a Unit Root 1996Residual-based tests for cointegration in models with regime shifts 1992Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis

Cited by

2011Current account deficits and sustainability: Evidence from the OECD countries 2009The sustainability of India's current account 2006Modeling the long-run sustainability of Turkish external debt with structural changes 2019Explaining India’s current account deficit: a time series perspective 2005Sustainability of Current Account for Turkey: Intertemporal Solvency Approach

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.