Bootstrap panel Granger-causality between government budget and external deficits for the EU

We investigate the existence of Granger-causality between current account and government budget balances over the period 1970-2007, for different EU and OECD country groupings. We use a panel-data approach based on SUR systems and Wald tests with country specific bootstrap critical values. Our resul...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Rault, Christophe (author)
Format: workingPaper
Language:eng
Published: 2010
Subjects:
Panel Causality Tests
Budget Deficit
External Imbalance
Real Exchange Rates
EU
OECD
Online Access:http://hdl.handle.net/10400.5/2533
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/2533

Internet

http://hdl.handle.net/10400.5/2533

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