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URN	etd-0117107-205539
Author	Pae-Chu Tsai
Author's Email Address	No Public.
Statistics	This thesis had been viewed 4654 times. Download 414 times.
Department	Economics
Year	2006
Semester	1
Degree	Master
Type of Document
Language	zh-TW.Big5 Chinese
Title	The Dynamic of Current Accounts among the US, Canada and Mexico
Date of Defense	2006-12-28
Page Count	74
Keyword	current account
Abstract	This paper is based on the viewpoint of the intertemporal substitution of the consumption smoothing. In order to reflection the tendency of economic liberation and the increasing degree of globally regional economic integration, we modify the traditional single-country VAR model which is based on the single country’s economic variable themselves to a cross-country VAR model which is considering international affecting effect. We take one of the most famous region in the world---NATFA（North America Free Trade Agreement）for example, to investing the Granger causalities between current account and national cash flows within each country, to see if international macroeconomic policy cooperation in the region is necessary or not. In this study, we use six kinds of test which are introduced by Diebold and Mariano（1995） to compare which estimation model has better explaining power to forcast the actual current account. Empirical results show that the cross-country VAR estimation model does provide a better estimation about the dynamic performance of current accounts for Canada, US and Mexico. It implies that one’s current account is not only affected by her own economic variable, but also others. We conclude that one country should consider the other countries’ economic performance when making macroeconomic and international trade policies.
Advisory Committee	Chingnun Lee - chair Yung-Hsiang Ying - co-chair Ming-Jang Weng - advisor
Files	etd-0117107-205539.pdf indicate access worldwide
Date of Submission	2007-01-17

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