Исследование двойного дефицита в экономике Греции в 1980-2019 гг.

Вестник Сибирского института бизнеса и информационных технологий. 2021. Т. 10. № 2. С. 53–59.

Пузина Н. В.

The article outlines theoretical foundations of the twin deficits hypothesis within the Keynesian school and Ricardian frameworks. A hypothesis is put forward about the presence of twin deficits in the Greek economy. The results of the analysis showed a strong relationship between the budget deficit and the current account deficit of the Greek balance of payments in the period from 2008 to 2019. The main reason for this connection is the global financial crisis, after which Greek economy was unable to be recovered. The disrupted economy led to increased spending, which widened the budget deficit. To provide the missing funds, the state attracted loans, thereby increasing the external debt. This led to an increase in the current account deficit.

Keywords: платежный баланс, дефицит бюджета, Греция, счет текущих операций, current account, balance of payments, Greece, budget deficit