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Record Nr. |
UNINA9910788409003321 |
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Autore |
Srour Gabriel |
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Titolo |
The Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies / / Gabriel Srour |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-0844-9 |
1-4527-9656-4 |
1-283-51320-X |
9786613825650 |
1-4519-0846-6 |
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Descrizione fisica |
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1 online resource (26 p.) |
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Collana |
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Soggetti |
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Non-tariff trade barriers - Developing countries - Econometric models |
Exports and Imports |
Labor |
Macroeconomics |
Monetary Policy |
Economic Integration |
Open Economy Macroeconomics |
Trade Policy |
International Trade Organizations |
Wages, Compensation, and Labor Costs: General |
Aggregate Factor Income Distribution |
Trade: General |
International economics |
Labour |
income economics |
Trade barriers |
Wages |
Real wages |
Income |
Exports |
Commercial policy |
Developing countries Commercial policy Econometric models |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. THE BASELINE MODEL""; ""III. EQUILIBRIUM""; ""IV. ECONOMIC INTEGRATION AND DIVERSIFICATION""; ""V. RIGID WAGES""; ""VI. CONCLUSION""; ""APPENDIX: THE MODEL""; ""REFERENCES"" |
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Sommario/riassunto |
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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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