Study on Sustainability of American Double Gaps and its External Debt
Shuo Feng, Xiao-Feng Hui
Available Online June 2014.
- https://doi.org/10.2991/msmi-14.2014.61How to use a DOI?
- American economy, External debt, Fiscal gap, Savings-investment gap.
- 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.
- 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 -