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Budget deficit persistence and the twin deficits hypothesis [PDF]

Journal of International Economics, 1999
Abstract This paper gauges the twin deficits hypothesis, i.e. a positive causal relationship between the external and budget deficits. This relationship is measured by the responses of the external deficit to changes in the budget deficit induced by Blanchard's model.
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Twin deficits hypothesis in Bangladesh: an empirical investigation

International Journal of Emerging Markets, 2021
PurposeThis study attempts to examine the twin deficits hypothesis for Bangladesh. Along with the traditional twin deficits hypothesis associated with the current account and fiscal deficit, the paper also explores the causal relationship between the trade deficit and fiscal deficit.Design/methodology/approachWe start with the investigation of the ...
Sima Rani Dey, Mohammad Tareque
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Twin Deficit Hypothesis: A Study of Nepal

Economic Journal of Nepal, 2020
This paper aims to examine the causal relationship between the budget deficit and the current account deficit of Nepal using time series data sets for the period from 1975 to 2019. Based on the Autoregressive Distributed Lag (ARDL) Model, the empirical finding indicates that rising budget deficits put more stress on the current account deficits in the ...
Naw Raj Bhatt, Babu Ram Karki
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The Twin Deficits Hypothesis: An Empirical Examination

Open Economies Review, 2019
The ‘twin deficits hypothesis’ (TDH) claims that there is a connection between fiscal and current account deficits. In its most extreme form, popularized by the ‘New Cambridge School’ in the 1970s, the argument was that, with equilibrium in the private sector, the size of the public sector deficit was proportional to, and the principal determinant of ...
Graham Bird, Eric Pentecost, Yanyan Yang
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‘Twin Deficits’ Hypothesis

Foreign Trade Review, 2016
Higher and persistent level of fiscal deficit and current account deficit is the problem of the day for Indian economy. There exists an argument that higher fiscal deficit is the major factor behind worsening balance of payments position. However, there is no identical perception on the relationship between fiscal deficit and current account deficit ...
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The twin deficit hypothesis in Greece

2020
We examine the relationship between the current account deficit and the general government deficit in Greece.Furthermore, we check the validity of the twin deficit hypothesis using annual time series data for the 1970-2019 periods.In this work we accept the twin deficit hypothesis which means that there is a positive relationship between the current ...
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The twin deficit hypothesis in Egypt

Journal of Policy Modeling, 2018
Abstract We employ a new approach to the twin deficit hypothesis aimed at enhancing policy making in Egypt. In contrast to the conventional twin deficit hypothesis between the current account, which comprises many items out of governments’ scope of maneuvering, and the budget deficit, we track the causal link between Egypt’s merchandise trade deficit
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Structural breaks and the twin deficits hypothesis

International Economics and Economic Policy, 2006
Recent theoretical and empirical analyses of the relation between the current account and the government budget balance suggest that the “twin deficits” relation is subject to structural changes. Most previous empirical analyses impose the change point without resorting to econometric testing.
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