NDLI: On the twin deficits hypothesis and the import intensity in transition countries

Content Provider	Springer Nature Link
Author	Gabrisch, Hubert
Copyright Year	2014
Abstract	This article aims to explain the increasing deficits in the trade and current account balances of three post-transition countries–Czech Republic, Hungary, and Poland–by testing two hypotheses: the twin deficit hypothesis and increasing import intensity of export production. The method uses co-integration and related techniques to test for a long-run causal relationship between the fiscal and external deficits of three post-transition countries in Central and Eastern Europe. In addition, an import intensity model is tested by applying OLS and GMM. All the results reject the Twin Deficits Hypothesis. Instead, the results demonstrate that specific transition factors such as net capital flows and, probably, a high import intensity of exports affect the trade balance.
Starting Page	205
Ending Page	220
Page Count	16
File Format	PDF
ISSN	16124804
Journal	International Economics and Economic Policy
Volume Number	12
Issue Number	2
e-ISSN	16124812
Language	English
Publisher	Springer Berlin Heidelberg
Publisher Date	2014-03-01
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Twin deficits Import intensity Transition countries International Economics Economic Policy Macroeconomics/Monetary Economics Public Finance & Economics Financial Economics
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

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On the twin deficits hypothesis and the import intensity in transition countries