04857oam 22012374 450 991078841690332120230828232729.01-4623-1549-61-4519-9137-11-283-51237-81-4527-0248-99786613824820(CKB)3360000000443475(EBL)3014468(SSID)ssj0000940131(PQKBManifestationID)11512685(PQKBTitleCode)TC0000940131(PQKBWorkID)10938701(PQKB)10504077(OCoLC)694141138(MiAaPQ)EBC3014468(IMF)WPIEE2006147(EXLCZ)99336000000044347520020129d2006 uf 0engur|n|---|||||txtccrDoes Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study /Christiane Nickel, Katja FunkeWashington, D.C. :International Monetary Fund,2006.1 online resource (27 p.)IMF Working Papers"June 2006."1-4518-6407-8 Includes bibliographical references.""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""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.IMF Working Papers; Working Paper ;No. 2006/147Balance of tradeEconometric modelsDemand (Economic theory)Econometric modelsExpenditures, PublicEconometric modelsFiscal policyEconometric modelsImportsEconometric modelsExports and ImportsimfInvestments: GeneralimfMacroeconomicsimfPublic FinanceimfTrade: GeneralimfNational Government Expenditures and Related Policies: GeneralimfMacroeconomics: ConsumptionimfSavingimfWealthimfInvestmentimfCapitalimfIntangible CapitalimfCapacityimfInternational economicsimfPublic finance & taxationimfExpenditureimfImportsimfPrivate consumptionimfPrivate investmentimfExportsimfExpenditures, PublicimfConsumptionimfEconomicsimfSaving and investmentimfJapanimfBalance of tradeEconometric models.Demand (Economic theory)Econometric models.Expenditures, PublicEconometric models.Fiscal policyEconometric models.ImportsEconometric models.Exports and ImportsInvestments: GeneralMacroeconomicsPublic FinanceTrade: GeneralNational Government Expenditures and Related Policies: GeneralMacroeconomics: ConsumptionSavingWealthInvestmentCapitalIntangible CapitalCapacityInternational economicsPublic finance & taxationExpenditureImportsPrivate consumptionPrivate investmentExportsExpenditures, PublicConsumptionEconomicsSaving and investmentNickel Christiane1546596Funke Katja1546597International Monetary Fund.Middle East and Central Asia Dept.DcWaIMFBOOK9910788416903321Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study3802305UNINA