文章基本信息

标题：Twin Deficits in the Lao PDR: An Empirical Study
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作者：Phouthanouphet Saysombath ; Phouphet Kyophilavong
期刊名称：International Business and Management
印刷版ISSN：1923-841X
电子版ISSN：1923-8428
出版年度：2013
卷号：7
期号：1
页码：69-72
DOI：10.3968/j.ibm.1923842820130701.1135
出版社：Canadian Research & Development Center of Sciences and Cultures
摘要：In this paper, we investigate the dynamic relation between the budget deficit and the current account deficit in the Lao PDR from 1980 to 2010. We apply an approach that uses cointegration and an autoregressive distributed lag (ARDL) combined with a Granger causality within a vector error correction framework (VECM). The results disclose that a long run relation exists between the two variables. There is long run bidirectional causality between the budget deficit and the current account deficit that supports the twin deficit hypothesis and confirms the strong Granger causality between the budget deficit and the current account deficit in the Lao PDR. Key words: Government budget deficit; Current account deficit; ARDL bounds testing; Granger causality; the Lao PDR
关键词：Government budget deficit;Current account deficit;ARDL bounds testing;Granger causality;the Lao PDR