Twin Deficits Revisited: A Role for Fiscal Institutions? [PDF]
We revisit the twin deficit relationship for a sample of 193 countries over the period 1980-2016, using a panel fixed effect (within-group) estimator, bias-corrected least-squares dummy variable, system GMM, and common correlated effects pooled estimation procedures. The analysis accounts also for the existence of fiscal rules in place, their features,
Afonso, António +3 more
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“Twin deficits” in Greece: in search of causality [PDF]
Abstract:The paper discusses the trajectories of the Greek public deficit and sovereign debt between 1980 and 2010 and its connection to the political and economic environment of the same period. We pay special attention to the causality between the public and the external deficits in the period after 1995, the post–Maastricht Treaty period.
Michaelis Nikiforos +2 more
openaire +3 more sources
Twin deficits: squaring theory, evidence and common sense [PDF]
In this paper we reconsider the twin deficit hypothesis (that fiscal shocks generating budget deficits also worsen external trade) both from a theoretical point of view and by analyzing data for Australia, Canada, the UK and the US. First, we assess the joint dynamics of budget and trade deficits along the business cycle, uncovering a strikingly ...
CORSETTI, Giancarlo, MÜLLER, Gernot J.
openaire +3 more sources
L’insertion actuelle de l’Association des États de la Caraïbe (AEC) dans le commerce international
The purpose of this article is the analysis of foreign trade and FDI of the natural Caribbean trade area that can be covered by the Association of Caribbean States (ACS).
Bernard Yvars
doaj +1 more source
A twin deficit - The issue of the Serbian economy [PDF]
The concept of a twin deficit relates to a budget deficit and a current account deficit. In the literature, there is no unique answer to the question of what the causal relationship between these deficits is.
Nenad Jankovic
doaj +1 more source
The Twin Deficits Hypothesis: An Empirical Analysis for Tanzania [PDF]
This paper examines the relationship between current account and government budget deficits in Tanzania. The paper tests the validity of the twin deficits hypothesis, using annual time series data for the 1966-2015 period.
Manamba Epaphra
doaj
TRIPLE DEFICIT PRESSURE INDEX AND ESTIMATION OF THE FINANCIAL CRISIS: THE CASE OF TURKEY
The main indicators affecting short and longterm macroeconomic stability are budget deficits, current account deficit and savings deficits expressed as savings-investment imbalance.
Murat Akkaya
doaj +1 more source
The effect of fiscal deficits on the external imbalances in the European Union [PDF]
This paper analyzes the effect of the fiscal deficit on the current account deficit in the European Union during the period 1995-2018. The purpose is to examine to what extent an increase in government spending affects the deterioration of terms of trade
Josifidis Kosta +2 more
doaj +1 more source
Revisiting the twin deficits hypothesis: a quantile cointegration analysis over the period 1791-2013
We revisit the twin deficits hypothesis by examining the long-run cointegrating relationship between the US budget and trade deficits across various quantiles using a unique dataset for the period 1791–2013.
Nikolaos Antonakakis +3 more
doaj +1 more source
Genetic Covariance Structure of Reading, Intelligence and Memory in Children [PDF]
This study investigates the genetic relationship among reading performance, IQ, verbal and visuospatial working memory (WM) and short-term memory (STM) in a sample of 112, 9-year-old twin pairs and their older siblings.
A Baddeley +56 more
core +5 more sources

