期刊名称：Discussion Paper Series / Department of Economics, Monash University
出版年度：2008
卷号：1
出版社：Monash University
摘要：This study uses two alternative specifications to test the interdependence between the
current and capital accounts of the balance of payments. The empirical specifications,
derived from the balance of payments constraint and from national income accounting
relationships, respectively, yield consistent support for the interdependence hypothesis.
The balance of payments specification returns positive findings for nine of the ten
sample countries. These are corroborated by the general equilibrium specification in
three instances. Neglect of the comprehensive lag structure of the underlying model may
account for the relatively weak support from the general equilibrium specification of the
interdependence hypothesis.
关键词：Current account; Capital account; Developing countries; G-5;
Interdependence
