Theoretical and Applied Economics
No. 3 / 2015 (604), Autumn
Sustainability of balancing item of balance of payment for OECD countries: evidence from Fourier Unit Root Tests
Cumhuriyet University, Sivas, Turkey
Abstract. In this paper, the sustainability of the balancing item of balance of payments is examined for 33 OECD (Organization for Economic Co-operation and Development) member countries. The sample period of each country is dependent upon the availability of data and Fourier unit root tests are employed in analysis. According to the empirical analysis the balancing item of balance of payments is sustainable for Australia, Canada, Hungary, Norway, Switzerland and United States. The results also show that nonlinearity is essential characteristic for the balancing item of balance of payments.
Contents
A Structural VAR analysis of Fiscal shocks on current accounts in Greece
Is CPI a suitable tool for inflation targeting? A critical view
A new beginning for SMEs development?
About the conceptualization of social innovation
Economic models of voting: an empirical study on the electoral behavior in Romanian 2012 parliamentary elections
Revisit Export and GDP Nexus in China and Taiwan: A Rolling Window Granger Causality Test
Sustainability of balancing item of balance of payment for OECD countries: evidence from Fourier Unit Root Tests
The European Union brand and its appeal to young Europeans – an in-depth perspective from Romanian student
Analysis of final consumption and gross investment influence on GDP – multiple linear regression model
A survey of the effect of trade openness size on inflation rate in Iran using ARDL
A labor utility index to measure worker welfare and labor market performance
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Liquidity ratios. A structural and dynamic analysis, during 2006-2012, of the companies having the business line in industry and construction, listed and traded on the Bucharest Stock Exchange
The Romanian banking sector restructuring and the economic recovery
Towards a sustainable economy
The role and influence of the political factor in establishing the financial and budgetary balance and on national stability
European integration, as an approximation of globalisation: a statistical analysis based on stratified entropy indexes of concentration
The factors that affect on foreign direct investments in Turkey (sectoral comparisons)
Legislative contributions to improving the economic efficiency of the medical laboratories in Romania