Analysis of the Romanian Current Account Sustainability

6 Pages Posted: 12 Dec 2012

See all articles by Ramona Dumitriu

Ramona Dumitriu

Independent

Razvan Stefanescu

affiliation not provided to SSRN

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

Dumitriu, Ramona and Stefanescu, Razvan, Analysis of the Romanian Current Account Sustainability (April 3, 2009). Available at SSRN: https://ssrn.com/abstract=2187503 or http://dx.doi.org/10.2139/ssrn.2187503

Razvan Stefanescu

affiliation not provided to SSRN

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