Crude oil trade and current account deficits

2015 ◽  
Vol 50 ◽  
pp. 70-79 ◽  
Author(s):  
Hillard G. Huntington
Keyword(s):  
Crude Oil ◽  
Current Account ◽  
Current Account Deficits

scholarly journals The Relationship between Current Account Deficits and Growth in Montenegro: ARDL Bounds Testing Approach

2018 ◽  
Vol 7 (3) ◽  
pp. 5-24 ◽  
Author(s):  
Mustafa Özer ◽  
Jovana Žugić ◽  
Sonja Tomaš-Miskin
Keyword(s):  
Growth Rate ◽  
Current Account ◽  
Current Account Deficit ◽  
Gdp Growth ◽  
Bounds Testing ◽  
Current Account Deficits ◽  
Long Run ◽  
Gdp Growth Rate ◽  
Short Run ◽  
The Relationship

Abstract In this study, we investigate the relationship between current account deficits and growth in Montenegro by applying the bounds testing (ARDL) approach to co-integration for the period from the third quarter of 2011 to the last quarter of 2016. The bounds tests suggest that the variables of interest are bound together in the long run when growth is the dependent variable. The results also confirm a bidirectional long run and short run causal relationship between current account deficits and growth. The short run results mostly indicate a negative relationship between changes in the current account deficit GDP ratio and the GDP growth rate. This means that any increase of the value of independent variable (current account deficit GDP ratio) will result in decrease of the rate of GDP growth and vice versa. The long-run effect of the current account deficit to GDP ratio on GDP growth is positive. The constant (β0) is positive but also the (β1), meaning that with the increase of CAD GDP ratio of 1 measuring unit, the GDP growth rate would grow by 0,5459. This positive and tight correlation could be explained by overlapping structure of the constituents of CAD and the drivers of GDP growth (such as tourism, energy sector, agriculture etc.). The results offer new perspectives and insights for new policy aiming for sustainable economic growth of Montenegro.

CURRENT STATE OF PAKISTAN’S ECONOMY

2020 ◽  
pp. 13-24
Author(s):  
Vyacheslav Belokrenitsky ◽  
Keyword(s):  
Economic Growth ◽  
Current Account ◽  
External Factors ◽  
Financial Assistance ◽  
Economic Situation ◽  
Parliamentary Elections ◽  
Current State ◽  
Current Account Deficits ◽  
The Government

The article analyzes the situation in Pakistan’s economy under the new government of the country, formed after the parliamentary elections in July 2018. It is observed that in 2018–2020 the rates of economic growth have slowed considerably. The government has faced problems of acute fiscal and current account deficits and was forced to agree to large doses of foreign financial assistance. The economic situation by the beginning of 2020 has somewhat improved, but the dependence of the economy on external factors remains, causing risks which do not allow to argue that the crisis and stagnation would be overcome in the nearest future.

Frontier’s Bright Economic Outlook

2016 ◽  
Author(s):  
Marko Dimitrijević ◽  
Timothy Mistele
Keyword(s):  
Foreign Direct Investment ◽  
Emerging Markets ◽  
Current Account ◽  
Direct Investment ◽  
Fast Growth ◽  
Current Account Deficits ◽  
Macroeconomic Fundamentals ◽  
Economic Outlook ◽  
Debt Levels

Describes frontier markets’ fast growth (71 of the world's 75 fastest-growing economies are frontier markets) and argues that the strong macroeconomic fundamentals of today’s frontier markets, including shrinking or well-financed current account deficits, lower debt levels, moderate inflation, and increased foreign direct investment, will help these markets mimic and accelerate the path to emergence taken by today’s mainstream emerging markets

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