The adjustment process and the timing of trade liberalization (English)

This paper is concerned with the appropriate time path of commercial policy, assuming a more liberal trade policy is favored. It considers the minimization of adjustment costs incurred in moving resources out of protected industries and into new activities in relation to various time paths. In the presence of distortions that affect the adjustment process, an immediate move to the optimal long-run commercial policy as the best time path of policy...

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Author

Mussa,Richard Mahomed;
Document Date
1984/05/31
Document Type
Departmental Working Paper
Report Number
CPD8415
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2017/11/15
Disclosure Status
Disclosed
Doc Name
The adjustment process and the timing of trade liberalization
Keywords
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Citation

Mussa,Richard Mahomed.

The adjustment process and the timing of trade liberalization (English). Country Policy Department discussion paper|no. CPD 8415 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/436381492001579819

The adjustment process and the timing of trade liberalization (English)

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