General Equilibrium Perspective on Twin Deficits Hypothesis: An Empirical Study with US Results

Abstract: This study proposes an alternative analytical framework for testing the so-called twin deficits hypothesis from the general equilibrium perspective. The income–expenditure equilibrium takes both the behavioural relationships of the saving and investment into consideration. The empirical r...

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Bibliographic Details

Main Author:	Tang, Tuck Cheong
Format:	Article
Published:	Taylor & Francis 2015
Subjects:	HB Economic Theory HC Economic History and Conditions
Online Access:	http://eprints.um.edu.my/19593/ http://dx.doi.org/10.1080/1226508X.2015.1015041
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