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Controlled open economies: A neoclassical approach to structuralism

Abstract:

Develops neoclassical theory for the case of developing countries with small, open economies, with weak domestic financial markets, subject to a variety of government controls and liable to periodic temporary shocks in their terms of trade. Investigates the properties of compatible control regimes, i.e., combinations of controls that yield sustainable, through typically not optimal, outcomes, and illustrates how the apparatus developed may be used to explore a variety of policy issues, includ...

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Publisher:
Oxford University Press
Host title:
Paperback reprint. With Arne Bigsten and Paul Horsnell
Place of publication:
Oxford and New York
Publication date:
1990-01-01
Language:
English
UUID:
uuid:6b314066-e045-4918-90e9-46de3238dc14
Local pid:
oai:economics.ouls.ox.ac.uk:9423
Deposit date:
2011-08-16

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