The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
From: Determinants of current account imbalance in the global economy: a dynamic panel analysis
Variables | CAB (% of GDP) | Real GDP growth rate | ∆ REER | NFA (% of GDP) | Openness of trade |
---|---|---|---|---|---|
Levin–Lin–Chu (LLC) | −11.06*** | −30.62*** | −32.64*** | −5.19*** | −10.50*** |
Im–Pesaran–Shin (IPS) | −8.61*** | −31.09*** | −32.43*** | −3.19** | −7.15*** |