論文

査読有り
2014年10月1日

Examining the "Balance of payments stages" hypothesis

Global Economy Journal
  • Masanori Ono

14
3-4
開始ページ
373
終了ページ
397
記述言語
英語
掲載種別
研究論文(学術雑誌)
DOI
10.1515/gej-2014-0016
出版者・発行元
Walter de Gruyter GmbH

This paper classifies 175 countries over a period of just 30 years according to the balance of payments stages that are frequently used in proposing a hypothesis that the stage depends on the progression in a nation's development. Using a nonparametric estimation, this investigation demonstrates that a nation's stage in the balance of payments has a non-monotonic relationship with its economic development and that a country at the stage of immature creditor-lender enjoys a higher GDP per capita than at any other stage in its development. Another notable finding is that a lending country produces about twice the GDP per capita that a borrowing one does and that about 25% of countries in the world lend money to the rest of the world in nearly every year.

リンク情報
DOI
https://doi.org/10.1515/gej-2014-0016
URL
http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=84925680954&origin=inward
ID情報
  • DOI : 10.1515/gej-2014-0016
  • ISSN : 1553-5304
  • ISSN : 1524-5861
  • SCOPUS ID : 84925680954

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