Macro-economic determinants of Australia’s current account, 1977–86: A reexamination

descriptionPublicationkeyboard_double_arrow_right Article 01 Jun 1993 English Publisher:Springer Science and Business Media LLCJournal:Weltwirtschaftliches Archiv, volume 129, pages 411-417 (issn: 0043-2636, eissn: 1610-2886,

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Authors: Mohsen Bahmani-Oskooee;

doi: 10.1007/bf02707704

Macro-economic determinants of Australia’s current account, 1977–86: A reexamination

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Abstract

In this journal, Karunaratne [1988] estimated an equilibriun and a disequilibrium model that included some but not all o f the macroeconomic determinants of Australia's current account. After discussing the weaknesses of Karunaratne's results and conclusion, we use his model and his data base and provide results that are in line with theory but in disagreement with his reported results. His model reads as:

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