Okoli, Tochukwu Timothy; Tewari, Devi D.; Ileasanmi, … - In: Cogent Economics & Finance 9 (2021) 1, pp. 1-22
Over the years, empirical evidence on twin-deficit hypothesis has been inconsistent. While some support it, others affirm the prevalence of the Ricardian Equivalence. This study therefore examines a nonlinear/threshold relationship between the deficits among the BRICS economies using the Panel...