Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive?
The relevance of the twin deficits hypothesis in 13 Asian countries is examined, taking into account the presence of a structural break. The major findings based on an extended data set are: 1) the budget balance plays a significant role in the determination of a current account balance, and there i...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2012
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| Online Access: | http://psasir.upm.edu.my/id/eprint/51268/ http://psasir.upm.edu.my/id/eprint/51268/1/12-19.pdf |
| _version_ | 1848851786291478528 |
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| author | Baharumshah, Ahmad Zubaidi Soon, Siew Voon Ismail, Hamizun |
| author_facet | Baharumshah, Ahmad Zubaidi Soon, Siew Voon Ismail, Hamizun |
| author_sort | Baharumshah, Ahmad Zubaidi |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The relevance of the twin deficits hypothesis in 13 Asian countries is examined, taking into account the presence of a structural break. The major findings based on an extended data set are: 1) the budget balance plays a significant role in the determination of a current account balance, and there is strong evidence supporting the Keynesian view of the twin deficits; 2) investment and real exchange rate have a noticeable impact on current account balance; and 3) the Feldstein-Horioka puzzle seems to be valid in most countries. |
| first_indexed | 2025-11-15T10:27:43Z |
| format | Conference or Workshop Item |
| id | upm-51268 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T10:27:43Z |
| publishDate | 2012 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-512682017-04-03T07:43:19Z http://psasir.upm.edu.my/id/eprint/51268/ Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive? Baharumshah, Ahmad Zubaidi Soon, Siew Voon Ismail, Hamizun The relevance of the twin deficits hypothesis in 13 Asian countries is examined, taking into account the presence of a structural break. The major findings based on an extended data set are: 1) the budget balance plays a significant role in the determination of a current account balance, and there is strong evidence supporting the Keynesian view of the twin deficits; 2) investment and real exchange rate have a noticeable impact on current account balance; and 3) the Feldstein-Horioka puzzle seems to be valid in most countries. Faculty of Economics and Management, Universiti Putra Malaysia 2012 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/51268/1/12-19.pdf Baharumshah, Ahmad Zubaidi and Soon, Siew Voon and Ismail, Hamizun (2012) Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive? In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 391-399). |
| spellingShingle | Baharumshah, Ahmad Zubaidi Soon, Siew Voon Ismail, Hamizun Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive? |
| title | Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive? |
| title_full | Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive? |
| title_fullStr | Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive? |
| title_full_unstemmed | Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive? |
| title_short | Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive? |
| title_sort | twin deficits hypothesis and feldstein-horioka puzzle in asian countries: is keynesian alive? |
| url | http://psasir.upm.edu.my/id/eprint/51268/ http://psasir.upm.edu.my/id/eprint/51268/1/12-19.pdf |