목차

Table of contents
List of Text
Chapter 1. Introduction……………………………………………..………….… 1
Chapter 2. Theoretical Background……………………………………………… 3
2.1. Twin Deficit Hypothesis………………………………………… 3
2.2. Theoretical Basis for the Twin Deficit Hypothesis……………… 3
2.2.1. Decomposition of the national income identity…………… 3
2.2.2. Relevant economic theory…………………………………. 7
2.2.2.1. Keynesian transmission mechanisms……………… 7
2.2.2.2. The Ricardian Equivalence Hypothesis…………… 7
2.3. Relevant Literature Review……………………………………… 9
Chapter 3. Descriptive Statistical Analysis of the Macroeconomic
Developments of the Republic of Guatemala…………………………
12
Chapter 4. Empirical Analysis……………..……………………………………... 28
4.1. Econometric Methodology ……………………………………… 28
4.2. Estimation Results and its Interpretation………………………… 28
Chapter 5. Conclusions, Recommendations and Limitations ……………………. 34
Bibliography ………………………………………………………………………… 37
Appendix Econometric results from Eviews software…………………………... 40