An Empirical Investigation of Twin Deficits Hypothesis: Evidence from India
Tóm tắt
Từ khóa
Tài liệu tham khảo
Abell, J.D. 1990. Twin deficits during the 1980 s: an empirical investigation. Journal of Macroeconomics 12: 81–96.
Anoruo, E., and S. Ramchander. 1998. Current account and fiscal deficits: evidence from five developing economies of Asia. Journal of Asian Economics 9: 487–501.
Aqeel, A., M. Nishat, and A. Qayyum. 2000. The twin deficits phenomenon: evidence from Pakistan. The Pakistan Development Review 39: 535–550.
Arora, H.K., and P. Dua. 1993. Budget deficits, domestic investment, and trade deficits. Contemporary Policy Issues 11: 29–44.
Basu, S., and D. Datta. 2005. Does fiscal deficit influence trade deficit? an econometric enquiry. Economic and Political Weekly 40: 3311–3318.
Bernheim, B.D. 1988. Budget deficits and the balance of trade. Tax Policy and the Economy 2:1–31. http://www.nber.org/chapters/c10935.pdf .
Bhagat, S., P. Ghosh, and S. Rangan. 2016. Economic policy uncertainty and growth in India. Economic and Political Weekly 51: 72–81.
Bhavani, T.A., and N.R. Bhanumurthy. 2012. Financial access in post-reform India. New Delhi: Oxford University Press.
Busse, M., and C. Hefeker. 2007. Political risk, institutions, and foreign direct investment. European Journal of Political Economy 23: 397–415.
Catik, A.N., B. Gok, and U. Akseki. 2015. A nonlinear investigation of the twin deficits hypothesis over the business cycle: evidence from Turkey. Economic Systems 39: 181–196.
Darrat, A.F. 1988. Have large budget deficits caused rising trade deficits? Southern Economic Journal 54: 879–887.
Enders, W., and B.S. Lee. 1990. Current account and budget deficits: twins or distant cousins? The Review of Economics and Statistics 72: 373–381.
Feldstein, M., and C. Horioka. 1980. Domestic savings and international capital flows. The Economic Journal 90: 314–329.
Ghatak, A., and S. Ghatak. 1996. Budgetary deficits and Ricardian equivalence: the case of India, 1950–1986. Journal of Public Economics 60: 267–282.
Holmes, M.J. 2011. Threshold cointegration and the short-run dynamics of twin deficit behavior. Research in Economics 65: 271–277.
Kalou, S., and S.M. Paleologou. 2012. The twin deficits hypothesis: revisiting an EMU country. Journal of Policy Modeling 34: 230–241.
Khalid, A.M., and T.W. Guan. 1999. Causality tests of budget and current account deficits: cross country comparisons. Empirical Economics 24: 389–402.
Khan, M.A., and S. Saeed. 2012. Twin deficits and saving-investment nexus in Pakistan: evidence from Feldstein-Horioka puzzle. Journal of Economic Cooperation and Development 33: 1–36.
Kouassi, E., M. Mougoue, and K.O. Kymn. 2004. Causality tests of the relationship between the twin deficits. Empirical Economics 29: 503–525.
Kulkarni, K.G., and E.L. Erickson. 2001. Twin deficit revisited: evidence from India, Pakistan, and Mexico. The Journal of Applied Business Research 17: 97–103.
Kumar, P.K.S. 2016. Twin deficit hypothesis: some recent evidence from India. Global Business and Economic Review 18: 487–495.
Makin, A.J., and P. Narayan. 2013. Re-examining the “twin deficits” hypothesis: evidence from Australia. Empirical Economics 45: 817–829.
Marinheiro, C.F. 2008. Ricardian equivalence, twin deficits, and the Feldstein-Horioka puzzle in Egypt. Journal of Policy Modeling 30: 1041–1056.
Miller, S.M., and F.S. Russek. 1989. Are the twin deficits really related? Contemporary Policy Issues 7: 91–115.
Mukhtar, T., M. Zakaria, and M. Ahmed. 2007. An empirical investigation for the twin deficits hypothesis in Pakistan. Journal of Economic Cooperation Among Islamic Countries 28: 63–80.
Narayan, P.K. 2005. The saving and investment nexus for China: evidence from cointegration tests. Applied Economics 37: 1979–1990.
Nikiforos, M., L. Carvalho, and C. Schoder. 2015. “Twin deficits” in Greece: in search of causality. Journal of Post Keynesian Economics 38: 302–330.
Onafowor, O.A., and O. Owoye. 2006. An empirical investigation of budget and trade deficits: the case of Nigeria. The Journal of Developing Areas 39: 153–174.
Parikh, A., and B. Rao. 2006. Do fiscal deficits influence current accounts? a case study of India. Review of Development Economics 10: 492–505.
Pesaran, M.H., Y. Shin, and R.J. Smith. 2001. Bound testing approaches to the analysis of level relationship. Journal of Applied Economics 16: 289–326.
Piersanti, G. 2000. Current account dynamics and expected future budget deficits: some international evidence. Journal of International Money and Finance 19: 255–271.
Ratha, A. 2012. Twin deficits or distant cousins? evidence from India. South Asia Economic Journal 13: 51–68.
Ravinthirakumaran, N., S. Selvanathan, and E.A. Selvanathan. 2016. The twin deficits hypothesis in the SAARC countries: an empirical investigation. Journal of the Asia Pacific Economy 21: 77–90.
Salvatore, D. 2006. Twin deficits in the G-7 countries and global structural imbalances. Journal of Policy Modeling 28: 701–712.
Sobrino, C.R. 2013. The twin deficits hypothesis and reverse causality: a short-run analysis of Peru. Journal of Economics, Finance and Administrative Science 18: 9–15.
Suresh, K.G., and V. Gautam. 2015. Relevance of twin deficit hypotheses: an econometric analysis with reference to India. Theoretical Economics Letters 5: 304–311.
Tiwari, A.K., K.G. Suresh, and M. Mutascu. 2015. A structural VAR analysis of fiscal shocks on current accounts in Greece. Theoretical and Applied Economics 22: 5–20.
Trachanas, E., and C. Katrakilidis. 2013. The dynamic linkages of fiscal and current account deficits: new evidence from five highly indebted European countries accounting for regime shifts and asymmetries. Economic Modelling 31: 502–510.
Vamvoukas, G.A. 1987. Have large budget deficits caused increasing trade deficits? evidence from a developing country. Atlantic Economic Journal 25: 80–90.
