All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

Amba Oyon Claude Marius, Taoufiki Mbratana and Kane Gilles Quentin
''Assessing the current account sustainability in ECCAS economies: A dual cointegration analysis''
( 2017, Vol. 37 No.3 )
This paper examines the sustainability of the current account deficits in eight Economic Community of Central African States (ECCAS) over the period 1970 to 2015. The empirical investigation relies on both panel and intra-panel approaches to test for long-run relationship between variables. Furthermore, non-linearity as well as asymmetric adjustment of Enders and Siklos (2001) is taken into account in cointegration analysis. Results from panel analysis show that; although exports and imports are cointegrated, the current account deficits are weakly sustainable in ECCAS. These results also hold in each country's analysis. Therefore, these eight ECCAS countries should implement policies to reinforce the sustainability of the current account deficits.
Keywords: Current account, Sustainability, ECCAS, Threshold Cointegration
JEL: F3 - International Finance: General
C2 - Single Equation Models; Single Variables: General
Description of Supplemental Material:

The paper was done with R-studio and R markdown. The zip file contains all the file to simply reproduce the paper. Just unzip and (built) the paper with bookdown
Manuscript Received : Jul 01 2017 Manuscript Accepted : Aug 31 2017

  This abstract has been downloaded 1249 times                The Full PDF of this paper has been downloaded 154664 times