Is there an innovation effect on current account? A case for European countries

Date

2017-01-01

Author

Ege, Aylin
Ege, A. Yavuz

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The aim of this article is to find out whether there is an innovation effect on the current account, and if there is one then to determine its significance. The study is carried out for the current accounts of European countries. Innovation is tested together with some other factors as control variables in order to estimate and compare its role in the determination process of the current account. The results indicate that innovation has quite a significant influence on the current accounts of European countries, and the form of the relationship between innovation and current account is non-linear. Moreover, the impact of innovation is stronger for countries at higher levels of innovation, but the growth rate of its average marginal effect diminishes through its increasing levels.

Subject Keywords

Innovation, Current account balance, European countries, Panel data analysis

URI

https://hdl.handle.net/11511/65976

Journal

APPLIED ECONOMICS

DOI

https://doi.org/10.1080/00036846.2017.1305093

Collections

Department of Economics, Article

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Citation Formats

A. Ege and A. Y. Ege, “Is there an innovation effect on current account? A case for European countries,” APPLIED ECONOMICS, pp. 5324–5336, 2017, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/65976.