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TESTING TWIN DEFICITS HYPOTHESIS FOR EU-27 AND TURKEY: A PANEL GRANGER CAUSALITY APPROACH UNDER CROSS-SECTIONAL DEPENDENCE

Bolukbas, Mehmet; Topal, Mehmet Hanefi; Hotunluoglu, Hakan (Inst Economic Forecasting, 2018)

Twin deficits hypothesis has been one of the most widely-applied phenomenon in the economics literature. In this study, the twin deficits hypothesis was tested for the EU-27 member states and Turkey with the data covering ...