| Title |
Einamosios sąskaitos deficitą ir jo pokyčius lemiančių veiksnių teorinis ir praltinis aspektai / |
| Translation of Title |
Determinants of current account deficit: theoretical and empirical aspects. |
| Authors |
Garšvienė, Lina ; Gurliauskienė, Indrė |
| Full Text |
|
| Is Part of |
Ekonomika ir vadyba: aktualijos ir perspektyvos. 2009, Nr.1(14), p. 95-102.. ISSN 1648-9098 |
| Abstract [eng] |
The article investigates the main determinants of current account deficit. In the first part of the article the factors influencing current account deficit are theoretically identified and classified and according to empirical research results the direction of their impact is predicted. In the second part of the article, by the multiple regression method, the impact of the selected determinants on Lithuania’s current account deficit is evaluated. It was found that the money supply is the main variable, accounting for the biggest impact on Lithuania’s current account deficit in the analyzed period. A little bit less important, but remaining among the most influencing ones, was found to be the variable of economy openness. It was identified that growing openness of Lithuania’s economy brings more sensitive import growth that leads to increase of its current account deficit. It was also found that Lithuania’s current account deficit is influenced by credit income more than by disposable income, which in future may lead to growing dependency on external finance and may restrict the economic growth. |
| Type |
Journal article |
| Language |
Lithuanian |
| Publication date |
2009 |
