Title
The Budget Deficit and the Arbitrage Pricing Theory
Document Type
Article
Publication Date
1993
Publication Source
Economics Letters
Abstract
Non-linear SUR techniques are used to demonstrate that the budget deficit is a priced factor in the Arbitrage Pricing Theory. The results also indicate that unexpected increases in the deficit lower stock prices.
Inclusive pages
313-317
ISBN/ISSN
0165-1765
Publisher
Elsevier
Volume
41
Peer Reviewed
yes
Issue
3
eCommons Citation
Caporale, Tony and Thorbecke, Willem, "The Budget Deficit and the Arbitrage Pricing Theory" (1993). Economics and Finance Faculty Publications. 25.
https://ecommons.udayton.edu/eco_fac_pub/25
