A general theory of distortions in product and in factor markets distinguishes between endogenous and policy-imposed distortions. The literature has tended to focus on policy-imposed distortions in product markets, and on endogenous distortions in factor markets. This paper analyzes policy-imposed distortions in product and in factor markets of developing economies. Section I briefly describes the principal policy-imposed distortions observed, reviews...
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1982/01/01
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Artigo de revista
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REP241
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1
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1
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2010/07/01
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Disequilibrium analysis in developing economies : an overview
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factor market
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