Detail Trade Policy Under A Binding Foreign Exchange Constraint   Oleh:  Torvik, Ragnar Jenis: Article from Bulletin/Magazine Dalam koleksi: JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT, The vol. 3 no. 1 (1994), page 15-32. Topik: trade policy; trade policy; binding; foreign exchange Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ35 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel A three -s ector model is developed to analyse trade policy in an economy facing a binding foreign exchange constraint. Increased imports of competitive goods may have contractionary effects in the short run, crowding out non - competitive imported intermediates. Devaluation, on the other hand, is expansive, relaxing the foreign exchange constraint and allowing for domestic output expansion. In a dynamic perspective policies associated with trade liberalization are likely to increase capital in the exportables sector, thereby creating more foreign exchange and lifting the economy to a level with higher capacity utilization. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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