Current account and capital mobility hypothesis: evidence from the G-7
Autor(a) principal: | |
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Data de Publicação: | 2004 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | https://hdl.handle.net/10438/42 |
Resumo: | This paper investigates an intertemporal optimization model in order to analyze the current account of the G-7 countries, measured as the present value of the future changes in net output. The study compares observed and forecasted series, generated by the model, using Campbell & Shiller’s (1987) methodology. In the estimation process, the countries are considered separately (with OLS technique) as well as jointly (SURE approach), to capture contemporaneous correlations of the shocks in net output. The paper also proposes a note on Granger causality and its implications to the optimal current account. The empirical results are sensitive to the technique adopted in the estimation process and suggest a rejection of the model in the G-7 countries, except for the USA and Japan, according to some papers presented in the literature. |
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Gaglianone, Wagner PiazzaEscolas::EPGEFGVTerra, Maria Cristina TrindadeLima, Luiz Renato Regis de OliveiraRocha, Fabiana FontesIssler, João Victor2008-05-13T13:16:03Z2008-05-13T13:16:03Z2004-12-012004-12-01GAGLIANONE, Wagner Piazza. Current account and capital mobility hypothesis: Evidence from the G-7. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2004.https://hdl.handle.net/10438/42This paper investigates an intertemporal optimization model in order to analyze the current account of the G-7 countries, measured as the present value of the future changes in net output. The study compares observed and forecasted series, generated by the model, using Campbell & Shiller’s (1987) methodology. In the estimation process, the countries are considered separately (with OLS technique) as well as jointly (SURE approach), to capture contemporaneous correlations of the shocks in net output. The paper also proposes a note on Granger causality and its implications to the optimal current account. The empirical results are sensitive to the technique adopted in the estimation process and suggest a rejection of the model in the G-7 countries, except for the USA and Japan, according to some papers presented in the literature.engCurrent account and capital mobility hypothesis: evidence from the G-7info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisEconomiaCapital (Economia)info:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALPDFapplication/pdf570060https://repositorio.fgv.br/bitstreams/8239d330-7ad3-4ab3-8276-16c6be26a7f4/download6464a97583d39f373000b1bbee195eacMD51TEXT1845.pdf.txt1845.pdf.txtExtracted Texttext/plain90202https://repositorio.fgv.br/bitstreams/52eeeb34-22b3-44eb-8bc6-6491f21faf45/downloada6f37f4bad9faf039ebee876e516a3e4MD52PDF.txtPDF.txtExtracted texttext/plain95517https://repositorio.fgv.br/bitstreams/6e4a3126-3645-4093-ae3c-014ebec22f8d/download36ce9ab22c27c9a6f718e3c147422cecMD54THUMBNAIL1845.pdf.jpg1845.pdf.jpgGenerated Thumbnailimage/jpeg1527https://repositorio.fgv.br/bitstreams/0c2b5231-e242-4cc0-b5ef-5e5d73f81a53/downloade5576807d204f7ea80eb65a45e816d07MD53PDF.jpgPDF.jpgGenerated Thumbnailimage/jpeg2541https://repositorio.fgv.br/bitstreams/30643abe-49af-4241-bf0b-b74b3b97bf64/download7ad25798785744f4d4f2e320981fd8f9MD5510438/422024-07-08 19:04:35.751open.accessoai:repositorio.fgv.br:10438/42https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742024-07-08T19:04:35Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
Current account and capital mobility hypothesis: evidence from the G-7 |
title |
Current account and capital mobility hypothesis: evidence from the G-7 |
spellingShingle |
Current account and capital mobility hypothesis: evidence from the G-7 Gaglianone, Wagner Piazza Economia Capital (Economia) |
title_short |
Current account and capital mobility hypothesis: evidence from the G-7 |
title_full |
Current account and capital mobility hypothesis: evidence from the G-7 |
title_fullStr |
Current account and capital mobility hypothesis: evidence from the G-7 |
title_full_unstemmed |
Current account and capital mobility hypothesis: evidence from the G-7 |
title_sort |
Current account and capital mobility hypothesis: evidence from the G-7 |
author |
Gaglianone, Wagner Piazza |
author_facet |
Gaglianone, Wagner Piazza |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.member.none.fl_str_mv |
Terra, Maria Cristina Trindade Lima, Luiz Renato Regis de Oliveira Rocha, Fabiana Fontes |
dc.contributor.author.fl_str_mv |
Gaglianone, Wagner Piazza |
dc.contributor.advisor1.fl_str_mv |
Issler, João Victor |
contributor_str_mv |
Issler, João Victor |
dc.subject.area.por.fl_str_mv |
Economia |
topic |
Economia Capital (Economia) |
dc.subject.bibliodata.por.fl_str_mv |
Capital (Economia) |
description |
This paper investigates an intertemporal optimization model in order to analyze the current account of the G-7 countries, measured as the present value of the future changes in net output. The study compares observed and forecasted series, generated by the model, using Campbell & Shiller’s (1987) methodology. In the estimation process, the countries are considered separately (with OLS technique) as well as jointly (SURE approach), to capture contemporaneous correlations of the shocks in net output. The paper also proposes a note on Granger causality and its implications to the optimal current account. The empirical results are sensitive to the technique adopted in the estimation process and suggest a rejection of the model in the G-7 countries, except for the USA and Japan, according to some papers presented in the literature. |
publishDate |
2004 |
dc.date.submitted.none.fl_str_mv |
2004-12-01 |
dc.date.issued.fl_str_mv |
2004-12-01 |
dc.date.accessioned.fl_str_mv |
2008-05-13T13:16:03Z |
dc.date.available.fl_str_mv |
2008-05-13T13:16:03Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.citation.fl_str_mv |
GAGLIANONE, Wagner Piazza. Current account and capital mobility hypothesis: Evidence from the G-7. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2004. |
dc.identifier.uri.fl_str_mv |
https://hdl.handle.net/10438/42 |
identifier_str_mv |
GAGLIANONE, Wagner Piazza. Current account and capital mobility hypothesis: Evidence from the G-7. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2004. |
url |
https://hdl.handle.net/10438/42 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
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Repositório Institucional do FGV (FGV Repositório Digital) |
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