A Structural VAR (SVAR) analysis of fiscal shocks on current accounts in India

被引：8
作者：
Suresh, K. G. [1 ]
Tiwari, Aviral Kumar [2 ]
机构：
[1] IBS Business Sch, Dehra Dun, Uttar Pradesh, India
[2] ICFAI Univ, FMS, Sadar, West Tripura, India
来源：
MACROECONOMICS AND FINANCE IN EMERGING MARKET ECONOMIES | 2014年 / 7卷 / 01期
关键词：
twin deficit hypothesis; fiscal deficit; current account deficit; SVAR model; VAR model;
D O I：
10.1080/17520843.2013.828764
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The stimulus packages announced to deal with the economic slowdown has increased the fiscal deficit of many countries and it spurred the debate on the possible effect of these fiscal shocks on other economic variable especially the current account. In this study, we examine the effect of fiscal deficit on current account of India using the VAR as well as the Structural VAR (SVAR) analysis. Our analysis indicates that the fiscal deficit is positively affecting the current account deficit in India, as predicted by the twin deficit hypothesis. Therefore, the historical data indicates the presence of the twin deficits phenomenon in Indian context.
引用
收藏
页码：140 / 153
页数：14
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