05076oam 22013334 450 991096732480332120250426110534.0978661382482097814623154991462315496978145199137614519913719781283512374128351237897814527024831452702489(CKB)3360000000443475(EBL)3014468(SSID)ssj0000940131(PQKBManifestationID)11512685(PQKBTitleCode)TC0000940131(PQKBWorkID)10938701(PQKB)10504077(OCoLC)694141138(IMF)WPIEE2006147(MiAaPQ)EBC3014468(IMF)WPIEA2006147WPIEA2006147(EXLCZ)99336000000044347520020129d2006 uf 0engur|n|---|||||txtccrDoes Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study /Christiane Nickel, Katja Funke1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (27 p.)IMF Working Papers"June 2006."9781451864076 1451864078 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 modelsCapacityimfCapitalimfConsumptionimfEconomicsimfExpenditureimfExpenditures, PublicimfExports and ImportsimfExportsimfImportsimfIntangible CapitalimfInternational economicsimfInvestmentimfInvestments: GeneralimfMacroeconomicsimfMacroeconomics: ConsumptionimfNational Government Expenditures and Related Policies: GeneralimfPrivate consumptionimfPrivate investmentimfPublic finance & taxationimfPublic FinanceimfSaving and investmentimfSavingimfTrade: GeneralimfWealthimfJapanimfBalance of tradeEconometric models.Demand (Economic theory)Econometric models.Expenditures, PublicEconometric models.Fiscal policyEconometric models.ImportsEconometric models.CapacityCapitalConsumptionEconomicsExpenditureExpenditures, PublicExports and ImportsExportsImportsIntangible CapitalInternational economicsInvestmentInvestments: GeneralMacroeconomicsMacroeconomics: ConsumptionNational Government Expenditures and Related Policies: GeneralPrivate consumptionPrivate investmentPublic finance & taxationPublic FinanceSaving and investmentSavingTrade: GeneralWealthNickel Christiane1816102Funke Katja1816103International Monetary Fund.Middle East and Central Asia Dept.DcWaIMFBOOK9910967324803321Does Fiscal Policy Matter for the Trade Account? A Panel Cointegration Study4371759UNINA