Evaluation of the determinants of growing current account deficit
Articles
Lina Garšvienė
Šiauliai University, Lithuania
Mindaugas Butkus
Šiauliai University, Lithuania
Published 2014-12-22
https://doi.org/10.15388/ST.2014.23081
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Keywords

growing current account deficit
determinants
logistic regression

How to Cite

Garšvienė, L. and Butkus, M. (2014) “Evaluation of the determinants of growing current account deficit”, Socialiniai tyrimai, 36(3), pp. 123–133. doi:10.15388/ST.2014.23081.

Abstract

The objective of the paper is to identify and generalize the factors determining the growth of current account deficit and select the periods of growing current account deficit and evaluate their determinants. The results of the analysis confirmed the growing current account deficit reaching from 3% to 30% of GDP in different developing and developed countries. The results showed that growing current account deficit is strongly determined by domestic demand and market prices; however, other factors such as national openness, international movement of capital, and the condition of world market have no significant impact.

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