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Record Nr. |
UNINA9910788416903321 |
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Autore |
Nickel Christiane |
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Titolo |
Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study / / Christiane Nickel, Katja Funke |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-1549-6 |
1-4519-9137-1 |
1-283-51237-8 |
1-4527-0248-9 |
9786613824820 |
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Descrizione fisica |
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1 online resource (27 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Balance of trade - Econometric models |
Demand (Economic theory) - Econometric models |
Expenditures, Public - Econometric models |
Fiscal policy - Econometric models |
Imports - Econometric models |
Exports and Imports |
Investments: General |
Macroeconomics |
Public Finance |
Trade: General |
National Government Expenditures and Related Policies: General |
Macroeconomics: Consumption |
Saving |
Wealth |
Investment |
Capital |
Intangible Capital |
Capacity |
International economics |
Public finance & taxation |
Expenditure |
Imports |
Private consumption |
Private investment |
Exports |
Expenditures, Public |
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Consumption |
Economics |
Saving and investment |
Japan |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. THE GOVERNMENT SECTOR AND THE TRADE ACCOUNT""; ""III. THE MODEL SPECIFICATION""; ""IV. EMPIRICAL ANALYSIS AND RESULTS""; ""V. SUMMARY AND CONCLUSION""; ""APPENDIX 1: DATA DESCRIPTION AND SOURCES""; ""APPENDIX 2: SINGLE TIME-SERIES ESTIMATIONS OF TRADE ELASTICITIES FOR THE G- 7 COUNTRIES""; ""REFERENCES"" |
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Sommario/riassunto |
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This paper analyzes the empirical relationship between fiscal policy and the trade account. Research prior to this paper did not consider that the components of private and public demand in the import demand equation exhibit different elasticities. Using pooled mean group estimation for annual panel data of the G-7 countries for the years 1970 through 2002, we provide empirical evidence that the composition of overall demand-i.e., the distribution among public demand, private demand, and export demand-has an impact on the magnitude of the trade account deficit. |
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