General Equilibrium Perspective on Twin Deficits Hypothesis: An Empirical Study with US Results
Abstract: This study proposes an alternative analytical framework for testing the so-called twin deficits hypothesis from the general equilibrium perspective. The income–expenditure equilibrium takes both the behavioural relationships of the saving and investment into consideration. The empirical r...
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| Format: | Article |
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Taylor & Francis
2015
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| Online Access: | http://eprints.um.edu.my/19593/ http://dx.doi.org/10.1080/1226508X.2015.1015041 |
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