Proceedings of the 2014 International Conference on Management Science and Management Innovation

Study on Sustainability of American Double Gaps and its External Debt

Authors
Shuo Feng, Xiao-Feng Hui
Corresponding Author
Shuo Feng
Available Online June 2014.
DOI
https://doi.org/10.2991/msmi-14.2014.61How to use a DOI?
Keywords
American economy, External debt, Fiscal gap, Savings-investment gap.
Abstract
The changes of a nation’s external debt are the main external manifestations of economy, namely foreign trades and international capital flows. The sustainability of American external debt is, in a certain degree, determined by the continuous external imbalance in American economy. In essence, there is a close relationship between the aggravation of the external and internal imbalance in American economy. The empirical analysis shows that no matter how the USA’s economic status is, the inter-conversion between fiscal gap and savings- investment gap of private sector result in the continuous expansion of American external debt and moreover ensure the sustainability of American external debt.
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Proceedings
2014 International Conference on Management Science and Management Innovation (MSMI 2014)
Part of series
Advances in Economics, Business and Management Research
Publication Date
June 2014
ISBN
978-94-6252-015-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/msmi-14.2014.61How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Shuo Feng
AU  - Xiao-Feng Hui
PY  - 2014/06
DA  - 2014/06
TI  - Study on Sustainability of American Double Gaps and its External Debt
BT  - 2014 International Conference on Management Science and Management Innovation (MSMI 2014)
PB  - Atlantis Press
SP  - 336
EP  - 341
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-14.2014.61
DO  - https://doi.org/10.2991/msmi-14.2014.61
ID  - Feng2014/06
ER  -