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External shocks, policy response and economic performance
Author(s)
Date Issued
1993-09-11
Date Available
2009-12-16T17:01:04Z
Abstract
This paper examines the responsiveness of real income and the balance of payments to external shocks in a small open economy. It is shown that tariff restrictions and age rigidities tend to increase responsiveness and quota restrictions tend to educe it. The implications for policy response are considered and a micro-theoretic foundation for the distinction between expenditure-reducing and expenditure-switching policies is provided.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Sponsorship
World Bank
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP93/28
Classification
F13
F10
Subject – LCSH
Commercial policy
States, Small--Economic conditions
Externalities (Economics)
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
File(s)
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Name
wp93_28.pdf
Size
846.97 KB
Format
Adobe PDF
Checksum (MD5)
d978e44927c4e3c4df38300eb8bf5e4f
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