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"Analyzes and explains failure of Peru's import substitution plan (1970-90). Discusses concerns with shift toward market liberalization beginning in Aug. 1990"--Handbook of Latin American Studies, v. 57
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This paper uses a new set of index numbers derived from Aw and Roberts (1989) and formalized in Tello (1997) by which changes in the current value of exports (or imports) can be decomposed into three components: a price change component, a quantity change component, and a product composition...
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