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The implications of trade barriers for sectoral diversification and macroeconomic stability in developing economies /
The paper examines the implications of lower trade barriers for sectoral diversification and macroeconomic stability in developing economies with a large primary goods sector. It shows that lower trade barriers can have ambiguous effects on macroeconomic stability. It shows also that diversification...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autores Corporativos: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, IMF Institute,
2006.
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| Colección: | IMF working paper ;
WP/06/50. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The paper examines the implications of lower trade barriers for sectoral diversification and macroeconomic stability in developing economies with a large primary goods sector. It shows that lower trade barriers can have ambiguous effects on macroeconomic stability. It shows also that diversification, in the form of equal distribution of resources between nonprimary sectors, may be counterproductive. In fact, investment in the nonprimary sector with lower trade barriers unambiguously enhances macroeconomic stability in a developing economy that is subject to substantial primary shocks. |
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| Descripción Física: | 1 online resource (24 pages). |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 128351320X 9781283513203 1451908466 9781451908466 |
| ISSN: | 2227-8885 2227-8885 ; |