Cover Image

Testing the validity of twin deficit hypothesis in Pacific island countries: an empirical investigation

Pacific island countries (PICs), since the mid 1990s, have been struggling with current account deficits in their balance of payments. Declining aid inflows and contraction in their traditional exports of primary goods along with growing imports of food, fuel and capital and intermediate goods have...

Full description

Saved in:
Bibliographic Details
Main Authors: Jayaraman, Tiru K., Choong, Chee Keong, Law, Siong Hook
Format: Article
Language:English
Published: 2010
Online Access:http://psasir.upm.edu.my/id/eprint/16998/1/Testing%20the%20validity%20of%20twin%20deficit%20hypothesis%20in%20Pacific%20island%20countries.pdf
http://psasir.upm.edu.my/id/eprint/16998/
http://www.accessecon.com/Pubs/EB/2010/Volume30/EB-10-V30-I2-P115.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.upm.eprints.16998
record_format eprints
spelling my.upm.eprints.169982015-10-08T06:27:33Z http://psasir.upm.edu.my/id/eprint/16998/ Testing the validity of twin deficit hypothesis in Pacific island countries: an empirical investigation Jayaraman, Tiru K. Choong, Chee Keong Law, Siong Hook Pacific island countries (PICs), since the mid 1990s, have been struggling with current account deficits in their balance of payments. Declining aid inflows and contraction in their traditional exports of primary goods along with growing imports of food, fuel and capital and intermediate goods have been the causes behind current account imbalances. On the fiscal front, stagnation in revenues and rigidities in public expenditures have been responsible for overall budget deficits. Resorting to panel data analysis, this study finds evidence in support of the twin deficit hypothesis in terms of their short-and long-run relationship and suggests suitable policy measures for consideration by decision makers. 2010 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/16998/1/Testing%20the%20validity%20of%20twin%20deficit%20hypothesis%20in%20Pacific%20island%20countries.pdf Jayaraman, Tiru K. and Choong, Chee Keong and Law, Siong Hook (2010) Testing the validity of twin deficit hypothesis in Pacific island countries: an empirical investigation. Economics Bulletin, 30 (2). pp. 1233-1248. ISSN 1545-2921 http://www.accessecon.com/Pubs/EB/2010/Volume30/EB-10-V30-I2-P115.pdf
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Pacific island countries (PICs), since the mid 1990s, have been struggling with current account deficits in their balance of payments. Declining aid inflows and contraction in their traditional exports of primary goods along with growing imports of food, fuel and capital and intermediate goods have been the causes behind current account imbalances. On the fiscal front, stagnation in revenues and rigidities in public expenditures have been responsible for overall budget deficits. Resorting to panel data analysis, this study finds evidence in support of the twin deficit hypothesis in terms of their short-and long-run relationship and suggests suitable policy measures for consideration by decision makers.
format Article
author Jayaraman, Tiru K.
Choong, Chee Keong
Law, Siong Hook
spellingShingle Jayaraman, Tiru K.
Choong, Chee Keong
Law, Siong Hook
Testing the validity of twin deficit hypothesis in Pacific island countries: an empirical investigation
author_facet Jayaraman, Tiru K.
Choong, Chee Keong
Law, Siong Hook
author_sort Jayaraman, Tiru K.
title Testing the validity of twin deficit hypothesis in Pacific island countries: an empirical investigation
title_short Testing the validity of twin deficit hypothesis in Pacific island countries: an empirical investigation
title_full Testing the validity of twin deficit hypothesis in Pacific island countries: an empirical investigation
title_fullStr Testing the validity of twin deficit hypothesis in Pacific island countries: an empirical investigation
title_full_unstemmed Testing the validity of twin deficit hypothesis in Pacific island countries: an empirical investigation
title_sort testing the validity of twin deficit hypothesis in pacific island countries: an empirical investigation
publishDate 2010
url http://psasir.upm.edu.my/id/eprint/16998/1/Testing%20the%20validity%20of%20twin%20deficit%20hypothesis%20in%20Pacific%20island%20countries.pdf
http://psasir.upm.edu.my/id/eprint/16998/
http://www.accessecon.com/Pubs/EB/2010/Volume30/EB-10-V30-I2-P115.pdf
_version_ 1643826382266957824
score 13.211869

Similar Items