A reassessment of the twin deficits relationship
Citation
Export citationHolmes, M.J. (2010). A reassessment of the twin deficits relationship. Applied Economics Letters, 17(12), 1209-1212.
Permanent Research Commons link: https://hdl.handle.net/10289/4228
Abstract
This article provides new evidence on the relationship between the United States budget and current account deficits. Using a testing procedure advocated by Bierens, both deficits are found to be stationary around a nonlinear deterministic trend and are co-trended insofar as they share a common nonlinear deterministic trend.
Date
2010Type
Publisher
Routledge
Collections
- Management Papers [1037]