General Equilibrium Perception on Twin Deficits Hypothesis: An Empirical Evidence for the U.S.

Tuck , Cheong Tang and Lau, Evan (2009) General Equilibrium Perception on Twin Deficits Hypothesis: An Empirical Evidence for the U.S. [Working Paper]

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Official URL: https://business.monash.edu

Abstract

From the general equilibrium perceptive, this study proposes the inclusion of private savings and investments in examining twin deficits hypothesis. Using U.S. data, the empirical results support twin deficits hypothesis but the budget deficit’s elasticity is decreasing from unity to 0.43.

Item Type: Working Paper
Additional Information: \
Uncontrolled Keywords: General Equilibrium, Government Budget Deficit, Current Account Balance, US, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 16 Jun 2014 02:44
Last Modified: 02 Sep 2020 02:34
URI: http://ir.unimas.my/id/eprint/3215

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