General Equilibrium Perception on Twin Deficits Hypothesis: An Empirical Evidence for the U.S.
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.
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| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
Monash University Business and Economics
2009
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/3215/1/General%2BEquilibrium%2BPerception%2Bon%2BTwin%2BDeficits%2BHypothesis%2B-%2BAn%2BEmpirical%2BEvidence%2Bfor%2Bthe%2BU.S.%20%281%29.pdf http://ir.unimas.my/id/eprint/3215/ https://business.monash.edu |
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