On the sustainability of current account deficits: evidence from four ASEAN countries

• Main Authors: Baharumshah, Ahmad Zubaidi, Lau, Evan, Fountas, Stilianos
• Format: Article
• Language: English; English
• Published: Elsevier 2003
• Online Access: http://psasir.upm.edu.my/id/eprint/40299/1/On%20the%20sustainability%20of%20current%20account%20deficits%20evidence%20from%20four%20ASEAN%20countries.pdf; http://psasir.upm.edu.my/id/eprint/40299/7/1-s2.0-S1049007803000381-main.pdf; http://psasir.upm.edu.my/id/eprint/40299/; http://www.sciencedirect.com/science/article/pii/S1049007803000381
• Institution: Universiti Putra Malaysia

This paper examines the sustainability of the current account imbalance for four ASEAN countries (Indonesia, Malaysia, the Philippines, and Thailand) over the 1961–1999 period. To this end, we utilize the intertemporal budget constraint (IBC) model to explain the behavior of the current account in t...