TRIPLE DEFICITS PROBLEM IN THE CONCEPTUAL AND THEORETICAL FRAMEWORK

Medine Tekin and Özer Özçelik
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Medine Tekin: DUMLUPINAR UNIVERSITY
Özer Özçelik: DUMLUPINAR UNIV

Ekonomi Maliye Isletme Dergisi, 2019, vol. 2, issue 2, 116-141

Abstract: The Keynesian view based triple deficit hypothesis has first emerged as a twin deficit hypothesis, which advocated a relationship between the budget deficit and current account deficit during President Reagan’s Financial Trial in the USA in the 1980s. The Triple Deficit shows the savings investment gap accompanying the twin deficits. In the Triple Deficit case, the private sector savings investment balance showing the internal economic balance, and the public sector income and expenditure balance, by giving deficit at the same time and together, causes deficit in the current account balance that creates foreign account balance. In the study, triple deficit components will be discussed in detail, theoretical framework of teh conceptually triple deficit problem will be examined.

Keywords: Triple Deficits; Current Account; Budget Deficit; Private Sector Savings Investment Balance (search for similar items in EconPapers)
JEL-codes: E21 E27 F32 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:gnx:emid43:2019-2-2-679209

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