04167oam 22010454 450 991078840900332120230828232703.01-4623-0844-91-4527-9656-41-283-51320-X97866138256501-4519-0846-6(CKB)3360000000443557(EBL)3014374(SSID)ssj0000939897(PQKBManifestationID)11600603(PQKBTitleCode)TC0000939897(PQKBWorkID)10937827(PQKB)10016659(OCoLC)698585610(MiAaPQ)EBC3014374(IMF)WPIEE2006050(EXLCZ)99336000000044355720020129d2006 uf 0engur|n|---|||||txtccrThe Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies /Gabriel SrourWashington, D.C. :International Monetary Fund,2006.1 online resource (26 p.)IMF Working Papers"February 2006".1-4518-6310-1 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. THE BASELINE MODEL""; ""III. EQUILIBRIUM""; ""IV. ECONOMIC INTEGRATION AND DIVERSIFICATION""; ""V. RIGID WAGES""; ""VI. CONCLUSION""; ""APPENDIX: THE MODEL""; ""REFERENCES""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.IMF Working Papers; Working Paper ;No. 2006/050Non-tariff trade barriersDeveloping countriesEconometric modelsExports and ImportsimfLaborimfMacroeconomicsimfMonetary PolicyimfEconomic IntegrationimfOpen Economy MacroeconomicsimfTrade PolicyimfInternational Trade OrganizationsimfWages, Compensation, and Labor Costs: GeneralimfAggregate Factor Income DistributionimfTrade: GeneralimfInternational economicsimfLabourimfincome economicsimfTrade barriersimfWagesimfReal wagesimfIncomeimfExportsimfCommercial policyimfDeveloping countriesCommercial policyEconometric modelsNon-tariff trade barriersEconometric models.Exports and ImportsLaborMacroeconomicsMonetary PolicyEconomic IntegrationOpen Economy MacroeconomicsTrade PolicyInternational Trade OrganizationsWages, Compensation, and Labor Costs: GeneralAggregate Factor Income DistributionTrade: GeneralInternational economicsLabourincome economicsTrade barriersWagesReal wagesIncomeExportsCommercial policySrour Gabriel1546542International Monetary Fund.IMF Institute.DcWaIMFBOOK9910788409003321The Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies3802226UNINA