Artikel
On the dynamics of the Greek twin deficits: Empirical evidence over the period 1960 - 2007
One of the most important open macroeconomic issues, during the current global economic recession, concerns the sustainability of persistent budget and trade deficits as well as possible interactions between them. These deficits are most crucial due to severe debt servicing costs, faced by today's economies despite their development level. This paper presents time series evidence over the period 1960 up to 2007, using data of the Greek Economy. Our results confirm weak sustainability of both deficits and evidence in favor of the Keynesian rationale regarding the twin deficits hypothesis.
- Language
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Englisch
- Bibliographic citation
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Journal: International Journal of Economic Sciences and Applied Research ; ISSN: 1791-3373 ; Volume: 2 ; Year: 2009 ; Issue: 2 ; Pages: 9-32 ; Kavala: Kavala Institute of Technology
- Classification
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Wirtschaft
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Current Account Adjustment; Short-term Capital Movements
Open Economy Macroeconomics
National Deficit; Surplus
- Subject
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budget and trade deficits
sustainability
twin deficits hypothesis
cointegration
Greek economy (1960-2007)
- Event
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Geistige Schöpfung
- (who)
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Panagiotis, Pantelidis
Emmanouil, Trachanas
Athanasios, Athanasenas L.
Constantinos, Katrakilidis
- Event
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Veröffentlichung
- (who)
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Kavala Institute of Technology
- (where)
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Kavala
- (when)
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2009
- Handle
- Last update
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10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Panagiotis, Pantelidis
- Emmanouil, Trachanas
- Athanasios, Athanasenas L.
- Constantinos, Katrakilidis
- Kavala Institute of Technology
Time of origin
- 2009
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