{"title":"国际收支的金融账户是否可持续?","authors":"Hui Theng Nga, T. Tang","doi":"10.51200/lbibf.v17i1.1906","DOIUrl":null,"url":null,"abstract":"This study aims to investigate the sustainability of financial account balance of Balance of Payments (BoP) with global evidence. The sample covers 117 countries with quarterly observations ranging between 1945 and 2016. This study employs Augmented Dickey-Fuller (ADF) unit root tests with structural break. The empirical results suggest all of the sampled countries, except for China have their sustainable financial account balances. This finding is important from the policy perspective that the capital account liberalization, and macroeconomic policies are favourable in the long-run.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"IS FINANCIAL ACCOUNT OF BALANCE OF PAYMENTS SUSTAINABLE?\",\"authors\":\"Hui Theng Nga, T. Tang\",\"doi\":\"10.51200/lbibf.v17i1.1906\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study aims to investigate the sustainability of financial account balance of Balance of Payments (BoP) with global evidence. The sample covers 117 countries with quarterly observations ranging between 1945 and 2016. This study employs Augmented Dickey-Fuller (ADF) unit root tests with structural break. The empirical results suggest all of the sampled countries, except for China have their sustainable financial account balances. This finding is important from the policy perspective that the capital account liberalization, and macroeconomic policies are favourable in the long-run.\",\"PeriodicalId\":163324,\"journal\":{\"name\":\"Labuan Bulletin of International Business and Finance (LBIBF)\",\"volume\":\"1 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-06-27\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Labuan Bulletin of International Business and Finance (LBIBF)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.51200/lbibf.v17i1.1906\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Labuan Bulletin of International Business and Finance (LBIBF)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.51200/lbibf.v17i1.1906","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
IS FINANCIAL ACCOUNT OF BALANCE OF PAYMENTS SUSTAINABLE?
This study aims to investigate the sustainability of financial account balance of Balance of Payments (BoP) with global evidence. The sample covers 117 countries with quarterly observations ranging between 1945 and 2016. This study employs Augmented Dickey-Fuller (ADF) unit root tests with structural break. The empirical results suggest all of the sampled countries, except for China have their sustainable financial account balances. This finding is important from the policy perspective that the capital account liberalization, and macroeconomic policies are favourable in the long-run.
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