Anmerkungen:
In: Economia Internazionale, Vol. XLV, No. 3-4, 1992
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1992 erstellt
Beschreibung:
This study reviews the analytics and empirics underpinning the Australian twin deficits using cointegration and Granger causality techniques over the study period 1983Q1 to 1991Q2. The relevance of the Barro-Ricardo theorem and the Feldstein-Horioka findings to examine the confliciting scenarios and macroeconomic implications of the causality between the twins. A simultanous equation model is validated to examine the alternative transmission channels that may link the twins. The stability and dynamic behavior the model is also explored using impact and total multiplier analysis