Detail Tariffs, Investment and The Current Account   Oleh:  Roldos, Jorge E. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 1 (1991), page 175-194. Topik: investment; tariffs; investment; current account Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel A dynamic specific - factors model with adjustment costs of investment is used to study the impact of tariffs on the current account. A permanent increase in tariffs generates a current account deficit, as the import-competing sector spreads the increase of the capital stock over time. A temporary increase in tariffs has ambiguous effects. If the size and duration of the tariff are large enough, a strong response in investment could outweigh the increased savings, and the current account deteriorates. For small and short - lived tariffs, the postponement of investment reinforces that of consumption, leading to a current account surplus. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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