Twin Deficits Hypothesis and Capital Mobility: The ASEAN-5 Perspective

• Main Authors: Evan, Lau, Ahmad Zubaidi, Baharumshah, Hamizun, Ismail
• 格式: Article
• 語言: English
• 出版: Penerbit Universiti Kebangsaan Malaysia 2009
• 主題: HB Economic Theory; HG Finance
• 在線閱讀: 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

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,...