<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>This note tests current account sustainability in Bulgaria from 1967 to 2004. Empirical analysis adopts various unit root and cointegration tests with structural breaks. Evidence of a long run relation between exports and imports in Bulgaria is shown, despite the financial crisis of 1996/8. Intertemporal current account constraint is not violated in Bulgaria.</p></abstract>

This note tests current account sustainability in Bulgaria from 1967 to 2004. Empirical analysis adopts various unit root and cointegration tests with structural breaks. Evidence of a long run relation between exports and imports in Bulgaria is shown, despite the financial crisis of 1996/8. Intertemporal current account constraint is not violated in Bulgaria.

Are Imports and Exports Cointegrated: the Case of Bulgaria between 1967 and 2004

EQUIPPE, Faculty of Economics, University of Lille I, 59655 Villeneuve d'Ascq Cedex, France

South East European Journal of Economics and Business

{"article-title":"Are Imports and Exports Cointegrated: the Case of Bulgaria between 1967 and 2004"}

This note tests current account sustainability in Bulgaria from 1967 to 2004. Empirical analysis adopts various unit root and cointegration tests with...

Are Imports and Exports Cointegrated: the Case of Bulgaria between 1967 and 2004

Online veröffentlicht: 04. März 2008

Seitenbereich: 53 - 56

DOI: https://doi.org/10.2478/v10033-007-0005-1

Schlüsselwörter
Current account sustainability, Cointegration, Bulgaria

This content is open access.

Are Imports and Exports Cointegrated: the Case of Bulgaria between 1967 and 2004

Online veröffentlicht: 04. März 2008

Seitenbereich: 53 - 56

DOI: https://doi.org/10.2478/v10033-007-0005-1

SchlüsselwörterCurrent account sustainability, Cointegration, Bulgaria

This content is open access.

Schlüsselwörter
Current account sustainability, Cointegration, Bulgaria