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Sharma, Kishor. |
The consequences of liberalization on structural changes are examined using data from manufacturing industry in Nepal which is classified as a least developed country. This is important because doubts that liberalization may not solve the problems of low-income developing countries remain strong due mainly to low supply elasticities and the early stage of industrialization. Results suggest some structural changes in manufacturing output and trade orientation. However, no significant improvements were recorded in the overall productivity growth and spatial distribution of manufacturing which appear to be due mainly to the lack of basic infrastructure and the shortage of skilled manpower. Thus, appropriate investment policies, which channel resources to... |
Tipo: Working or Discussion Paper |
Palavras-chave: Liberalization; Import penetration; Export intensity; Total factor productivity growth; Nepal; International Relations/Trade; E13; F13; F14; F43; 041. |
Ano: 2000 |
URL: http://purl.umn.edu/28394 |
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Diao, Xinshen; Elbasha, Elamin H.; Roe, Terry L.; Yeldan, A. Erinc. |
An R&D based endogenous growth - applied general equilibrium model is developed from an underlying analytical model which combines Romer's capital variety with Grossman and Helpman's multi-sector open economy model. The transitional dynamics of the analytical model are derived. For numerical implementation, a time discrete empirical model, with an Armington structure, is fit to East Asian data of the social accounting matrix variety. Simulations of trade reform are performed and their static and dynamic effects compared. The transition paths of the state variables are found to have a half-life of five to six periods. A solution of the Social Planner's problem, and interventions which seek to obtain this outcome from the decentralized model are also... |
Tipo: Working or Discussion Paper |
Palavras-chave: Applied General Equilibrium; Trade; Growth; International Relations/Trade; F11; 031; 041. |
Ano: 1996 |
URL: http://purl.umn.edu/7461 |
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