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trade policies. We examine here the consequences of such a “Gulliver” effect, looking at the case of Nepal whose economy is … closely linked to the economy of India. Since India’s protective policies are not optimal for Nepal, we consider the various … alternatives for Nepal. The “optimal divergence” is for Nepal to allow the free import of intermediate and capital goods, while …
Persistent link: https://www.econbiz.de/10014396019
Persistent link: https://www.econbiz.de/10001522262
This paper shows how growth and demography, two important determinants of the savings rate in the life-cycle approach, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and adverse movements in the terms of trade are found to...
Persistent link: https://www.econbiz.de/10014396475