DO BUDGET DEFICITS CAUSE CAPITAL INFLOWS - EVIDENCE FROM THE UNITED-STATES

被引：4

作者：

BAHMANIOSKOOEE, M ^{[1
]}

PAYESTEH, S ^{[1
]}

机构：

[1] UNIV WISCONSIN,CTR FOND DU LAC,MADISON,WI 53706

来源：

QUARTERLY REVIEW OF ECONOMICS AND FINANCE | 1994年 / 34卷 / 01期

关键词：

D O I：

10.1016/1062-9769(94)90053-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this research article, following the literature, we argue that budget deficits that raise interest rates, can cause capital inflow. Using quarterly data over 1973-1988 period, cointegration technique is used to establish the long-run relationship between budget deficits and capital flows into the U.S. Results from error-correction modeling indicate that there exist bidirectional causality between two variables.

引用

页码：63 / 74

页数：12

共 34 条

[1]

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[2]

BAHMANIOSKOOEE M, 1989, Q REV ECON BUS, V29, P76

[3]

BANERJEE A, 1986, OXFORD B ECON STAT, V48, P253

[4] GOVERNMENT SPENDING, INTEREST-RATES, PRICES, AND BUDGET DEFICITS IN THE UNITED-KINGDOM, 1701-1918 [J].