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IMPORTED INPUTS, DEVALUATION AND BALANCE OF PAYMENTS A KEYNESIAN MACRO-APPROACH.

In this paper, we have derived the expression for dB<SUBf>/<SUBdr> when part of the imports are used as intermediate goods under the assumption of Cobb-Douglas production function. Assuming we start with total import equal to total export, (-1 -Em,p>) > 0 remains to be the condition for dB<SUBf>/dr...

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Published in:Southern Economic Journal Vol. 43; no. 2; pp. 1106 - 1112
Main Author: Koon-Lam Shea
Format: Article
Published: Wiley-Blackwell Oct76
Subjects:
Imports
Intermediate goods
Production functions (Economic theory)
Online Access:View this record in EBSCOhost