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Twin Deficits in Suriname: An Empirical Analysis

Peggy Tjon Kie Sim-Balker, Albert Mungroo, Natalie Piqué-Lont and Gavin Ooft

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: This study investigates the relationship and directionality between the overall fiscal balance and the external current account balance of Suriname during 1970 - 2011. Both balances predominantly show deficits, however since 2006 the external current account balance shows surpluses due to the diversification of the mining sector as a result of booming international commodity prices. A vector error correction framework indicated the existence of a long-run relationship between these two variables. In the long run a bidirectional relation was found between the two balances, while in the short run no significant effect was encountered.

Keywords: Twin Deficits; Budget Balance; Current Account Balance (search for similar items in EconPapers)
JEL-codes: E62 F32 F41 (search for similar items in EconPapers)
Date: 2014
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