Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive?
The relevance of the twin deficits hypothesis in 13 Asian countries is examined, taking into account the presence of a structural break. The major findings based on an extended data set are: 1) the budget balance plays a significant role in the determination of a current account balance, and there i...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2012
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| Online Access: | http://psasir.upm.edu.my/id/eprint/51268/1/12-19.pdf |