In the past decade the developing countries have tried much harder to achieve macroeconomic stability than they have to eliminate inefficiencies from microeconomic distortions. The author has pursued a relatively new line of inquiry in examining measurement of the social income losses induced by the reduction of the investment efficiency caused by trade distortions. Empirical findings of the study suggest a strong negative effect of trade distortions...
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INFORMATION
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1991/05/31
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Document de travail de recherche sur les politiques
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WPS665
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1
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1
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2010/07/01
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Microeconomic distortions : static losses and their effect on the efficiency of investment
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capital accumulation