حسابداری و حسابرسی - accounting and auditing
عنوان انگلیسی مقاله:
Degree of sustainability of current account: evidence from Cote d ^ ’Ivoire using a non-linear approach
ترجمه فارسی عنوان مقاله:
درجه پایداری حساب جاری: شواهد از ساحل عاج با استفاده از رویکرد غیر خطی
ScienceDirect- Elsevier- Heliyon, 7 (2017) e06589: doi:10:1016/j:heliyon:2021:e06589
Hugues Kouassi Kouadio
The current account deficit is a macroeconomic indicator that provides information on the health of an economy.
Its sustainability is particularly crucial for developing countries such as Cote dIvoire, one of the largest economies ^
in West Africa. Given the countrys exposure to external vulnerability, this paper analysed the degree of sustainability of its current account. Beyond this, the study looked at the resilience of the economy to external shocks
by examining how exports behave following an asymmetric shock on imports plus interest on external borrowing.
To this end, the model developed by Shin et al. (2014) was applied to the intertemporal approach to current
account sustainability using quarterly macroeconomic data from 1985q1 to 2017q4. The study found that Cote ^
dIvoires current account balance is sustainable. However, this sustainability is weak in the sense of Hakkio and
Rush (1991), thus leading to a high risk of government failure in this respect. Also, the study shows that exports
react differently to asymmetric shocks on increased imports, with a return to equilibrium often very slow.
Therefore, the strengthening and stability of the socio-political environment is to be encouraged, as well as the
implementation of policies aimed at sound public finance management and minimising the economys vulnerability to external shocks
keywords: پایداری قوی یا ضعیف | حساب جاری | همخوانی | عدم تقارن | نر | Strong or weak sustainability | Current account | Cointegration | Asymmetry | NARDL