The Twin Deficits Phenomenon : Evidence from Italy

Using time series techniques, this study explores the relationship between trade deficits and budget deficits in Italy in the period 1970-2010. Empirical findings show that current account balance and government budget are I(1) processes. Cointegration tests reject the presence of a long-run relationship between these variables. Finally, Granger-causality tests show a unidirectional flow from trade deficits to budget deficits, in line with Neo-classical view

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Year of publication:	2013
Authors:	Magazzino, Cosimo
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Italien \| Italy \| Leistungsbilanz \| Current account \| Haushaltsdefizit \| Budget deficit \| Außenwirtschaftliches Gleichgewicht \| External balance \| Öffentliche Schulden \| Public debt

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Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Magazzino, C., (2012), The Twin Deficits phenomenon: evidence from Italy, Journal of Economic Cooperation and Development, 33, 3, 65-80, September Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 1, 2012 erstellt
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H62 - Deficit; Surplus
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013075307