Study on Sustainability of American Double Gaps and its External Debt

DOI

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.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 2014 International Conference on Management Science and Management Innovation
PB  - Atlantis Press
SP  - 336
EP  - 341
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-14.2014.61
DO  - 10.2991/msmi-14.2014.61
ID  - Feng2014/06
ER  -