English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Tools annual

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Presents the access of premium content as premium feature

Premium Content

Global: Zendy Plus annual

Global: Zendy Free Plan

The problem of budget deficits and current account imbalances has attracted serious consideration from academics and policy-makers in both developed and developing countries. The question is whether such relationships between budget deficits and current account deficits exist in the case of Philippines. The purpose of this study was to test the validity of the Keynesian proposition and the Ricardian equivalence hypothesis with respect to the direction of causality between budget deficits and current account deficits in the case of the Philippines. Testing procedure was applied to data from that country for the period 1970-2005 to test such relationships. A bi-directional causality between budget deficits and current account deficits was found. This finding was plausible, given the economic crisis in the early 1980s which was associated with economic driven foreign debt in the Marcos era. The results suggested that policy measures to reduce the budget deficit could play an important role in reducing the current account imbalances and vice-versa

Budget Deficits and Current Account Deficits in the Philippines: A Casual Relationship?