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...

Full description

Bibliographic Details

Published in:	Journal of Comparative Economics Vol. 29; no. 3; pp. 403 - 417
Main Authors:	Gomulka, Stanislaw, Lane, John
Format:	Article
Published:	Academic Press Inc. September 2001
Subjects:	Economic equilibrium Input-output analysis Prices > Mathematical models Resource allocation > Mathematical models
Online Access:	View this record in EBSCOhost