Naslov
Triple gap analysis ; An extension on the twin deficit dilemma in Croatia

Autori
Tomić, Daniel

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, pp prezentacija, znanstveni

Izvornik
Economics in Crisis/ The Crisis of Economics / - Pula : Fakultet ekonomije i turizma Dr. Mijo Mirković Sveučilišta Jurja Dobrile u Puli, 2013, 41-41

Skup
The 6th International Conference 'The Changing Economic Landscape: Issues, Implications and Policy Options'

Mjesto i datum
Pula, Hrvatska, 30.05.2013. - 01.06.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Triple gap analysis; twin deficit hypothesis; trade deficit developments; bounds-testing approach; Croatia

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Book of abstracts. Extended abstract with ppt presentation.

POVEZANOST RADA