Title page for etd-0728105-013001


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URN etd-0728105-013001
Author Sue-ping Lai
Author's Email Address afion318@yahoo.com.tw
Statistics This thesis had been viewed 4642 times. Download 2406 times.
Department Interdisciplinary Studies
Year 2004
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title The Cause of Current Account Deficit of The United States
Date of Defense 2005-06-22
Page Count 71
Keyword
  • current account
  • variance decompositions
  • impulse response functions
  • structural vector autoregressive model
  • Abstract Trade deficit, financial deficit, and current account deficit of the United States have all been problems deeply concerned by economists and politicians in recent decades. Since the third season of 2000, a recession of the United States and the whole world has gradually started to appear. In addition, as a result of the 9/11 terrorist attacks and the war in Iraq the stock market has begun to decline significantly. In order to promote the recovery of its economy, the federal government determines to adopt the expanded financial policy which will most likely in the end cause its financial deficit more serious.
    The main purpose of this paper is to investigate the factors that influence the current account deficit of the United States. Because the study considers foreign variables that related researches ignore, we choose five variables as follows: regional output differential, regional interest rate differential, terms of trade, regional real effective exchange rate, and current account. Therefore, we adopt the Unit Root Test, the Granger Causality Test, the Co-integrating Test, and SVAR (Structural Vector Autoregressive) model to run RATS and E-views.
    It is the finding of empirical result that the United States government considers terms of trade and current account that can't be quantized of the first importance rather than the exchange rate factor that general research is thought. This is one of the contributions of the study.
    Advisory Committee
  • Ming-jang Weng - chair
  • Jia-hsi Weng - co-chair
  • Yung-Hsiang Ying - advisor
  • Files
  • etd-0728105-013001.pdf
  • indicate accessible in a year
    Date of Submission 2005-07-28

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