THE EMPIRICAL ANALYSIS OF TRIPLET DEFICIT HYPOTHESIS IN THE BRIC AND THE MINT COUNTRIES
Views
574
Abstract
The fact that current account deficit is one of the leading indicators is the reason that the determinants of current account deficit are investigated. In the literature, the presence of current account deficit along with the budget deficit is denoted with the twin deficits notion, while it has been mentioned from triplet deficits, which has a limited number of work, with the addition of the savings-investment imbalance to the twin deficits. The study aims to analyze the presence of the triplet deficits in the BRIC and the MINT as an emerging two groups of countries between 1998 and 2014 via Dumitrescu and Hurlin (2012)’s panel non-causality test. The empirical findings showed that the triplet deficit hypothesis is valid for BRIC, but not for MINT.
Keywords:
Current Account Budget Saving - Investment the Twin Deficit the Triplet DeficitDownloads
Downloads
Published
How to Cite
License
Copyright (c) 2016 Holistence Publications
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Authors retain copyright and grant the journal right of first publication, with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0) that allows others to share and adapt the work with an acknowledgement of the work's authorship and initial publication in this journal.
2. Everyone who is listed as an author in this article should have made a substantial, direct, intellectual contribution to the work and should take public responsibility for it.
