A survival analysis of sudden current account correction for Costa Rica
সংরক্ষণ করুন:
| লেখক: | , |
|---|---|
| বিন্যাস: | artículo original |
| বর্তমান অবস্থা: | Versión publicada |
| প্রকাশনার তারিখ: | 2016 |
| বিবরন: | Using a survival model approach using data panel, an exploratory analysis is made to estimate the probability of a sudden current account correction in Costa Rica. The results show that the estimated probability of a current account reversal decreases when: i) the five years ahead real-growth increases, ii) the external situation of similar countries improves, iii) the economic dependency ratio increases, iv) the world’s GDP percentage for which the country have signed a trade agreement increases, v) reserves accumulation accelerates and vi) the institutional framework becomes more democratic. On the other hand, an increase in the total factor productivity (TFP) growth 5-year ahead raises likelihood of a reversal. The effect of capital controls on the probability showed an ambiguous behavior. Annual data from 1981 to 2012 for 116 countries is used. |
| দেশ: | Portal de Revistas UCR |
| প্রতিষ্ঠান: | Universidad de Costa Rica |
| Repositorio: | Portal de Revistas UCR |
| ভাষা: | Español |
| OAI Identifier: | oai:portal.ucr.ac.cr:article/27316 |
| অনলাইন ব্যবহার করুন: | https://revistas.ucr.ac.cr/index.php/economicas/article/view/27316 |
| মুখ্য শব্দ: | SURVIVAL MODEL EXTERNAL BALANCE EMERGING MARKET MODELOS DE SUPERVIVENCIA BALANCE EXTERNO MERCADOS EMERGENTES |