Analysis of the Romanian Current Account Sustainability
6 Pages Posted: 12 Dec 2012
Date Written: April 3, 2009
Abstract
This paper explores the sustainability of the Romanian current account. For this purpose we test the stationarity and cointegration of the monthly credit and debit transactions of the current account. It results these time series have unit roots for levels values, but they are stationary for their first differences. We find that the debit and the credit transactions are not cointegrated so the current account deficit could not be considered as sustainable.
Keywords: Romanian Current Account, Sustainability, Cointegration
JEL Classification: F40, C22, C32
Suggested Citation: Suggested Citation
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