Twin Deficits Hypothesis and Capital Mobility: The ASEAN-5 Perspective
This paper investigates the relevance of the twin deficits hypothesis (TDH) in five Association of Southeast Asian Nations (ASEAN) countries. We examine the causal relation between current account deficits, budget deficits and investments. The empirical findings may be summarised as follows. First,...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2009
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/7197/1/twin.pdf http://ir.unimas.my/id/eprint/7197/ http://core.kmi.open.ac.uk/download/pdf/11490904.pdf |
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