This paper examines the twin deficits hypothesis in the ASEAN countries. The major findings of this paper are the following. (1) Long run relationships are detected between budget and current account deficits. (2) The Keynesian view fits well for Thailand since the causality runs from budget...

In Malaysia, government intervene in the rice market using quota/tariff to effect the level and mix of consumption. The programs are known to be costly and generate economic allocative inefficiencies. The objective of this study is to contribute to the understanding of government intervention...