Akbostanci, Elif; Tunç, Gül Ipek - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2001
Twin deficit hypothesis mainly states that government budget deficits will cause trade deficits. However, this is not the only theoretically possible relationship between the budget deficit and the trade deficit. On the other extreme if Ricardian equivalence hypothesis holds it is also possible...