04386oam 22011414 450 991096453150332120250426110528.0978661382565097814623084461462308449978145279656714527965649781283513203128351320X97814519084661451908466(CKB)3360000000443557(EBL)3014374(SSID)ssj0000939897(PQKBManifestationID)11600603(PQKBTitleCode)TC0000939897(PQKBWorkID)10937827(PQKB)10016659(OCoLC)698585610(MiAaPQ)EBC3014374(IMF)WPIEE2006050(IMF)WPIEA2006050WPIEA2006050(EXLCZ)99336000000044355720020129d2006 uf 0engur|n|---|||||txtccrThe Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies /Gabriel Srour1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (26 p.)IMF Working Papers"February 2006".9781451863109 1451863101 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 modelsAggregate Factor Income DistributionimfCommercial policyimfEconomic IntegrationimfExports and ImportsimfExportsimfIncome economicsimfIncomeimfInternational economicsimfInternational Trade OrganizationsimfLaborimfLabourimfMacroeconomicsimfMonetary PolicyimfOpen Economy MacroeconomicsimfReal wagesimfTrade barriersimfTrade PolicyimfTrade: GeneralimfWagesimfWages, Compensation, and Labor Costs: GeneralimfDeveloping countriesCommercial policyEconometric modelsNon-tariff trade barriersEconometric models.Aggregate Factor Income DistributionCommercial policyEconomic IntegrationExports and ImportsExportsIncome economicsIncomeInternational economicsInternational Trade OrganizationsLaborLabourMacroeconomicsMonetary PolicyOpen Economy MacroeconomicsReal wagesTrade barriersTrade PolicyTrade: GeneralWagesWages, Compensation, and Labor Costs: GeneralSrour Gabriel1816634International Monetary Fund.IMF Institute.DcWaIMFBOOK9910964531503321The Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies4372885UNINA