Testing the triple deficit hypothesis for sub‐Saharan Africa: Implications for the African Continental Free Trade Area
نویسندگان
چکیده
Aware of the nature deficits in current account, fiscal and financial account balances countries sub-Saharan Africa (SSA) region, this inquiry assessed relationship between these implication such for African Continental Free Trade Area (AfCFTA). To do this, study adopted panel data analysis techniques using pooled mean group-autoregressive distributed lag (PMG-ARDL) specifications to test triple deficit hypothesis (TDH) region. The findings revealed presence TDH SSA where bidirectional causality exists balance budget balance, saving gap with a unidirectional running from gap. adoption sound fiscal, monetary, trade interventions region constitutes major policy recommendations.
منابع مشابه
AfricAn continentAl free trAde AreA: Policy and negotiation options for trade in Goods UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT AFRICAN CONTINENTAL FREE TRADE AREA: Policy and Negotiation Options for Trade in Goods
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ژورنال
عنوان ژورنال: African Development Review
سال: 2022
ISSN: ['1017-6772', '1467-8268']
DOI: https://doi.org/10.1111/1467-8268.12616