Tomić, Daniel (2013) Triple gap analysis; An extension on the twin deficit dilemma in Croatia. In: The 6th International Conference "The Changing Economic Landscape: Issues, Implications and Policy Options". Department of Economics and Tourism "Dr. Mijo Mirković", Juraj Dobrila University of Pula , Pula, p. 41.
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The logic of triple gaps suggests that if economy is to be in full employment equilibrium all the variables in the system must be in equilibrium. Hence, they are hardly ever in Goldilocks state. The aim of this paper is to extend twin deficit hypothesis towards triple deficit nexus in order to analyze fundamental disequilibrium of the Croatian economy. Focusing on trade deficit developments some mediating macroeconomic variables are also included in the analysis. Empirical estimation relies on bounds-testing approach to cointegration (ARDL) and error-correction modelling on quarterly data over 2000-2012. Following some plausible results that are consistent with Croatian economic ambient as well as to empirical grasps, a brief explanation is offered.
| Tip objekta: | Dio knjige |
|---|---|
| Mentor: | NIJE ODREĐENO |
| Ključni pojmovi: | triple gap analysis, twin deficit hypothesis, trade deficit developments, bounds-testing approach, Croatia |
| Teme: | 3 Društvene znanosti > 33 Ekonomija. Ekonomska znanost > 336 Financije. Uključujući: Javne financije. Bankarstvo. Novac > 336.2 Javni prihodi > 336.27 Javni zajmovi. Državno zaduživanje. Javno zaduživanje. Javni dug. Državni dug |
| Odjeli: | Fakultet ekonomije i turizma "Dr. Mijo Mirković" |
| Datum pohrane: | 20 Feb 2014 07:39 |
| Zadnja promjena: | 20 Feb 2014 07:39 |
| URI: | http://eknjiznica.unipu.hr/id/eprint/3307 |
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