Original scientific paper

Current Account Reversals and Persistency in Transition Regions

Aleksander Aristovnik ; Faculty of Administration, University of Ljubljana, Slovenia

Abstract

The article investigates sharp reductions seen in current account deficits in transition countries in the 1992-2003 period. By using both descriptive statistical approaches as well as panel regression-based analysis the article focuses on three important aspects of these current account reversals: a) to examine those factors that might have triggered the reversals and to provide some insights into the current account adjustment process; b) to reveal some characteristics of persistent current account deficits; and c) to investigate the direct impact of these reversals on economic growth in the region.

Keywords

current account deficit; reversals; persistency; transition; GDP growth; panel data analysis

Hrčak ID:

78553

URI

https://hrcak.srce.hr/78553

Publication date:

1.5.2006.

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