The transformational recession under a resources mobility constraint.
A general equilibrium model is developed in which price changes are triggered by a tax reform and resource mobility is restricted. Removing a pretransition price distortion causes a recession in the short run, the size of which is shown to be proportional to the original distortion. Permitting inter...
| Publicado en: | Journal of Comparative Economics Vol. 29; no. 3; pp. 403 - 417 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Academic Press Inc.
September 2001
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |