THE EMPIRICAL ANALYSIS OF TRIPLET DEFICIT HYPOTHESIS IN THE BRIC AND THE MINT COUNTRIES


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DOI:

https://doi.org/10.15637/jlecon.119

Keywords:

Current Account, Budget, Saving - Investment, the Twin Deficit, the Triplet Deficit

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. 

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Published

2016-01-31

How to Cite

THE EMPIRICAL ANALYSIS OF TRIPLET DEFICIT HYPOTHESIS IN THE BRIC AND THE MINT COUNTRIES. (2016). JOURNAL OF LIFE ECONOMICS, 3(1), 57–70. https://doi.org/10.15637/jlecon.119

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Research Articles