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Testing the twin deficit hypothesis : evidence from the Republic of North Macedonia
Bucevska, Vesna - In: Business systems research : a system view accross … 11 (2020) 3, pp. 45-62
Background An econometric analysis of the twin deficit hypothesis is of special importance for the Republic of North Macedonia in view of its perspective membership in the European Union and from the point of view of its macroeconomic stability in the long run. Objectives The objective of this...
Persistent link: https://www.econbiz.de/10012414405
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Causality between external balance and (some) fiscal variables : preliminary results for the Eurozone
Carrasco, Carlos Alberto - In: Economics and Business Letters : EBL 5 (2016) 3, pp. 80-86
In this article, we present preliminary results, analyzing the causality between external balance and fiscal variables (primary public balance, interest paid on debt and overall public balance) within the so-called twin deficits hypothesis for a set of six Eurozone countries – three core...
Persistent link: https://www.econbiz.de/10011573231
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The twin deficits hypothesis and reverse causality : a short-run analysis of Peru
Sobrino, César R. - In: Journal of economics, finance & administrative science 18 (2013) 34, pp. 9-15
This study examines causation between the current account and the fiscal surplus and fiscal spending for a commodity-based economy, Peru. Using quarterly data for the open economy, the outcomes reject the twin deficits hypothesis. Instead, the evidence points strongly to reverse causality, that...
Persistent link: https://www.econbiz.de/10011872218
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Bootstrap panel Granger-causality between government budget and external deficits for the EU
Afonso, António; Rault, Christophe - 2009
period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based … budget deficits to current account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France … effective real exchange rate in the SUR system does not substantially alter the results. -- Panel causality tests ; budget …
Persistent link: https://www.econbiz.de/10003818006
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Spend-and-Tax : A Panel Data Investigation for the EU
Afonso, António - 2009
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots …, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend … Finland and the UK, and for several EU New Member States. Moreover, in the run-up to EMU there was some shifting away from a …
Persistent link: https://www.econbiz.de/10013158140
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Reverse Causality in Global Current Accounts
Schnabl, Gunther - 2010
The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and Germany as center countries with rising/high current account deficits (US) and surpluses (Germany). These are matched by current account surpluses of countries stabilizing...
Persistent link: https://www.econbiz.de/10013142986
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Current account targeting hypothesis versus twin deficit hypothesis : the EMU experience of Portugal
Afonso, António; Coelho, José Carlos - 2021
We study the relationship between the government budget balance and the current account balance for Portugal, using quarterly data from 1999 to 2019. On the one hand, the causality tests find a unidirectional relation running from the current account balance to the government budget balance. On...
Persistent link: https://www.econbiz.de/10012595472
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The Twin Deficits Hypothesis and Reverse Causality : A Short-Run Analysis of Peru
Sobrino, Cesar R. - 2019
This study examines causation between the current account and the fiscal surplus and fiscal spending for a commodity-based economy, Peru. Using quarterly data for the open economy, the outcomes reject the twin deficits hypothesis. Instead, the evidence points strongly to reverse causality, that...
Persistent link: https://www.econbiz.de/10012905131
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Bootstrap Panel Granger-Causality between Government Spending and Revenue
Afonso, António - 2008
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots …, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend …, Austria Finland and the UK, and for several EU New Member States …
Persistent link: https://www.econbiz.de/10012722461
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Spend-and-tax : a panel data investigation for the EU
Afonso, António; Rault, Christophe - 2009
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots …, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend … Finland and the UK, and for several EU New Member States. Moreover, in the run-up to EMU there was some shifting away from a …
Persistent link: https://www.econbiz.de/10010276304