Revival of the twin deficits in Asian crisis-affected countries

• Main Authors: Lau, Evan, Shazali Abu, Mansor, Puah, Chin-Hong
• Format: E-Article
• Language: English
• Published: M.E. Sharpe Inc. 2010
• Subjects: HC Economic History and Conditions; JZ International relations
• Online Access: http://ir.unimas.my/id/eprint/7235/1/Revival%20of%20the%20Twin%20Deficits%20in%20Asian%20Crisis%20affected%20countries%2810%25%29.pdf; http://ir.unimas.my/id/eprint/7235/; http://www.economicissues.org.uk/Files/110Lau.pdf

This paper revisits the twin deficits argument in the Asian crisis-affected countries. We also include data from the 1997 crisis to examine the disparities in the empirical regularities governing the two deficits in these countries. Empirical results suggest that causality runs from budget deficit t...