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The Determinants of Current Account Imbalances in Malawi
African Journal of Economic Policy
View Archive Info| Field | Value | |
| Title |
The Determinants of Current Account Imbalances in Malawi
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| Creator |
Nkuna, O
Kwalingana, S |
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| Subject |
—
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| Description |
Persistent current account imbalances in many least developed and emerging countries have excited considerable interest among researchers and policymakers to have a clear understanding of the dynamics of the current account and its role in macroeconomic outcomes. Based on the saving-investment theory, this study used cointegration analysis to identify the long run and short run determinants of Malawi’s current account deficit using annual data from 1980 to 2006. The results suggested that openness, terms of trade, external debt accumulation, the real exchange rate and current account liberalisation fundamentally determined the current account deficit in Malawi. Further, the results revealed that these deficits have been, to a large extent, persistent.
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| Publisher |
Department of Economics, University of Ibadan
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| Contributor |
—
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| Date |
2014-01-21
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.ajol.info/index.php/ajep/article/view/99960
10.4314/ajep.v17i2. |
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| Source |
African Journal of Economic Policy; Vol 17, No 2 (2010); 27-50
1116-4875 |
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| Language |
eng
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| Relation |
http://www.ajol.info/index.php/ajep/article/view/99960/89221
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| Rights |
Copyright for articles published in this journal is retained by the journal.
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