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This note tests current account sustainability in Bulgaria from 1967 to 2004. Empirical analysis adopts various unit root and cointegration tests with structural breaks. Evidence of a long run relation between exports and imports in Bulgaria is shown, despite the financial crisis of 1996/8. Intertemporal current account constraint is not violated in Bulgaria.
VERSITA Central European Science Publishers, Warsaw; http://versita.com, in cooperation with journal's owner - School of Economics and Business, University of Sarajevo; http://www.efsa/.unsa.ba
VERSITA Central European Science Publishers, Warsaw; http://versita.com, in cooperation with journal's owner - School of Economics and Business, University of Sarajevo; http://www.efsa/.unsa.ba