Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10001280168
Persistent link: https://www.econbiz.de/10001956330
The resource boom effect and the input price effect of raw material price changes are analyzed within a two-period, two-sector (plus resource industry), open economy framework. Diagrammatic exposition is used to study the 'Dutch disease', and in particular the distinction between the short term...
Persistent link: https://www.econbiz.de/10012478297
The paper analyzes the problem of short-term adjustment to a fall in the price of competing imports when thee is wage and price rigidity. This is done in terms of a two-sector model which incorporates a domestically producible import good and a semi-tradeable home good. The effect of a fall in...
Persistent link: https://www.econbiz.de/10012478614
Persistent link: https://www.econbiz.de/10000024018
Persistent link: https://www.econbiz.de/10001279799
In this paper we explore in detail the various ways by which the introduction of intermediate imports affects the comparative statics and the dynamics of adjustment in an open economy. The importance of integrating the role of intermediate imports into a theory of macro-economic adjustment...
Persistent link: https://www.econbiz.de/10013224712
The resource boom effect and the input price effect of raw material price changes are analyzed within a two-period, two-sector (plus resource industry), open economy framework. Diagrammatic exposition is used to study the 'Dutch disease', and in particular the distinction between the short term...
Persistent link: https://www.econbiz.de/10013237604
The paper analyzes the problem of short-term adjustment to a fall in the price of competing imports when thee is wage and price rigidity. This is done in terms of a two-sector model which incorporates a domestically producible import good and a semi-tradeable home good. The effect of a fall in...
Persistent link: https://www.econbiz.de/10013312525