International Journal of Applied Research
Vol. 2, Issue 12, Part H (2016)
An exploratory study on impact of macroeconomic variables on current account deficit
The present paper is an endeavor to analyse the impact of macroeconomic variable on current account deficit. The present study is purely based on secondary data covering 15 financial years from 2000-01 to 2014-15. The analysis of which was made through the application of Karl Pearson's coefficient of Correlation and Multiple Regression. The study found that exchange rate accounts for 18% variations and external debt accounts for additional 53% variation in the outcome variable. It was further indicated through the results that if all the selected independent variables remain constant, then there are other factors which explain current account deficit up to 3243.382 units.
How to cite this article:
Jitender Kumar. An exploratory study on impact of macroeconomic variables on current account deficit. International Journal of Applied Research. 2016; 2(12): 526-528.