Arbeitspapier
Does fiscal policy matter for the trade account? A panel cointegration study
This paper analyses 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 G7 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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 620
- Klassifikation
-
Wirtschaft
Current Account Adjustment; Short-term Capital Movements
Fiscal Policy
Open Economy Macroeconomics
- Thema
-
Fiscal Policy
Panel Cointegration
trade account
trade elasticities
Finanzpolitik
Leistungsbilanz
G7-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Funke, Katja
Nickel, Christiane
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Funke, Katja
- Nickel, Christiane
- European Central Bank (ECB)
Entstanden
- 2006
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