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Title: |
The Australian Trade Balance and Current
Account: A Time Series Perspective |
| Author: |
Bodman, Philip
M. |
| Author
Affiliation: |
U Queensland |
| Source: |
International Economic Journal, Summer 1997, v. 11, no. 2, pp. 39-57 |
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Publication Date: |
Summer 1997 |
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Abstract: |
This paper examines the dynamic
relationship between Australian imports and exports in both the short
and long-run using recent cointegration and error-correction techniques.
The analysis has direct implications over the specification and
estimation of Australian import and export functions and resulting
elasticity estimates. The paper also addresses the issue of
sustainability of persistent current account deficits in the Australian
context and provides a test of whether Australia is satisfying its
intertemporal (or present value) budget constraint. |
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