01691cas a2200253 a 4500 AALejournalIMF007366 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451966701 1018-5941 BD-DhAAL BD-DhAAL Faruqee, Hamid. What Determines the Current Account? : A Cross-Sectional and Panel Approach / Hamid Faruqee, Guy Debelle. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper uses cross-section and panel data to examine the determinants of the current account. The empirics find a significant impact of the stage of development and demographic factors in the cross section. Estimating partial-adjustment and error-correction models using panel data, the paper finds a short- and long-run impact of fiscal policy on the current account in the time series. The real exchange rate, the business cycle and the terms of trade are also shown to have short-run effects on the current account, while the stage of development and demographics have longer-run effects. Mode of access: Internet Debelle, Guy. IMF Working Papers; Working Paper ; No. 1996/058 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/058/001.1996.issue-058-en.xml IMF e-Library