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Abstract

The main aim of the article is theoretical and empirical analysis of the causal relationship between the budget balance and the current account balance in the Baltic countries Latvia, Lithuania and Estonia in the period 1999-2010. In the paper are used methods based on the literature study of international economics and international finance as well as econometric methods Vector Autoregressive Model - VAR. The results of investigation clearly point at the existence of negative relationship between fiscal and current account balances in the analyzed countries. At the same time it was revealed stronger impact of the current account balance on the government balance than the impact of the government balance on the current account balance in Latvia, Lithuania and Estonia



Item Type: MPRA Paper -

Original Title: The link between government budget and current account in the Baltic countries-

English Title: The link between government budget and current account in the Baltic countries-

Language: English-

Keywords: government balance, current account, VAR model-

Subjects: F - International Economics > F3 - International Finance > F32 - Current Account Adjustment ; Short-Term Capital MovementsF - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy MacroeconomicsH - Public Economics > H6 - National Budget, Deficit, and Debt-





Autor: Misztal, Piotr

Fuente: https://mpra.ub.uni-muenchen.de/40784/







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