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Instead, it draws on those finding only to obtain a reasonable set of additional explanatory and control variables along with commonly used determinants in the literature to find the determinants of global current account imbalances.
Except others' this study improves this work in two way, first, use commodity price index, de jure classification of capital openness and exchange rate stability index along with other commonly used determinants (e.g., net foreign assets, real effective exchange rate, real GDP growth and trade openness), which better captures the determinants of global current account imbalances.
In summary, this paper gets the expected results which capture the some important determinants (commodity price, de jure and de facto capital openness and exchange rate stability) together with commonly used determinants in the literature such as net foreign asset, real effective exchange rate, trade openness and real GDP growth of current account balance.
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CEO of Professional Science Editing for Scientists @ prosciediting.com