Growth and the current account: Malaysia and Singapore
dc.contributor.author | Mauleon, Ignacio | |
dc.contributor.author | sanchez larrion, Raul | |
dc.date.accessioned | 2024-01-25T05:33:47Z | |
dc.date.available | 2024-01-25T05:33:47Z | |
dc.date.issued | 2003 | |
dc.description.abstract | A foreign trade model is estimated for two South East Asian countries, selected because they represent two extremes as far as the current account balance is concerned-- Malaysia, deficit, Singapore, surplus. The specification highlights, (a) the simultaneous interdependence of exports and import flows--a result of what Krugman [1995] denotes as the slicing up of the production process--and, (b) the impact of investment on imports as a result of productivity shocks on the current account. The estimation results point to the instability of the market for foreign exchange. Using an intertemporal framework, a methodology to derive the external long run equilibrium is applied to the estimated model. The implied constraint on domestic growth turns out to be mild. | es |
dc.identifier.citation | Mauleón, Ignacio and Larrion, Raul, (2003), Growth and the current account: Malaysia and Singapore, International Advances in Economic Research, 9, issue 2, p. 140-151, https://EconPapers.repec.org/RePEc:kap:iaecre:v:9:y:2003:i:2:p:140-151:10.1007/bf02295715 | es |
dc.identifier.doi | 10.1007/BF02295715 | es |
dc.identifier.issn | 1083-0898 | |
dc.identifier.uri | https://hdl.handle.net/10115/28864 | |
dc.language.iso | eng | es |
dc.publisher | Springer | es |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internacional | * |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | es |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
dc.subject | simultaneous interdependence | es |
dc.subject | trade flows | es |
dc.subject | external constrain | es |
dc.subject | investment | es |
dc.title | Growth and the current account: Malaysia and Singapore | es |
dc.type | info:eu-repo/semantics/article | es |
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