LEADER 03171nam 2200685Ia 450 001 9910826317803321 005 20200520144314.0 010 $a1-4623-1549-6 010 $a1-4519-9137-1 010 $a1-283-51237-8 010 $a1-4527-0248-9 010 $a9786613824820 035 $a(CKB)3360000000443475 035 $a(EBL)3014468 035 $a(SSID)ssj0000940131 035 $a(PQKBManifestationID)11512685 035 $a(PQKBTitleCode)TC0000940131 035 $a(PQKBWorkID)10938701 035 $a(PQKB)10504077 035 $a(OCoLC)694141138 035 $a(IMF)WPIEE2006147 035 $a(MiAaPQ)EBC3014468 035 $a(EXLCZ)993360000000443475 100 $a20061106d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDoes fiscal policy matter for the trade account? $ea panel cointegration study /$fKatja Funke and Christiane Nickel 205 $a1st ed. 210 $aWashington, D.C. $cInternational Monetary Fund, Middle East and Central Asia Dept.$dc2006 215 $a1 online resource (27 p.) 225 1 $aIMF working paper ;$vWP/06/147 300 $a"June 2006." 311 $a1-4518-6407-8 320 $aIncludes bibliographical references. 327 $a""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"" 330 3 $aThis paper analyzes the empirical relationship between fiscal policy and the trade account. Research prior to this paper did not consider that the components of private and public demand in the import demand equation exhibit different elasticities. Using pooled mean group estimation for annual panel data of the G-7 countries for the years 1970 through 2002, we provide empirical evidence that the composition of overall demand-i.e., the distribution among public demand, private demand, and export demand-has an impact on the magnitude of the trade account deficit. 410 0$aIMF working paper ;$vWP/06/147. 606 $aBalance of trade$xEconometric models 606 $aDemand (Economic theory)$xEconometric models 606 $aExpenditures, Public$xEconometric models 606 $aFiscal policy$xEconometric models 606 $aImports$xEconometric models 615 0$aBalance of trade$xEconometric models. 615 0$aDemand (Economic theory)$xEconometric models. 615 0$aExpenditures, Public$xEconometric models. 615 0$aFiscal policy$xEconometric models. 615 0$aImports$xEconometric models. 700 $aFunke$b Katja$01666621 701 $aNickel$b Christiane$01666620 712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910826317803321 996 $aDoes fiscal policy matter for the trade account$94191608 997 $aUNINA