The Speed Of Adjustment And The Sequencing Of Economic Reform PDF Download
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Author | : Saleh M. Nsouli |
Publisher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 2002 |
Genre | : Developing countries |
ISBN | : |
Download The Speed of Adjustment and the Sequencing of Economic Reforms Book in PDF, ePub and Kindle
Author | : Saleh M. Nsouli |
Publisher | : |
Total Pages | : 0 |
Release | : 2002 |
Genre | : |
ISBN | : |
Download “The” Speed of Adjustment and the Sequencing of Economic Reform Book in PDF, ePub and Kindle
Author | : Saleh M. Nsouli |
Publisher | : |
Total Pages | : 37 |
Release | : 2002 |
Genre | : |
ISBN | : |
Download The speed of adjustment and the sequencing of economic reform Book in PDF, ePub and Kindle
Author | : Andrew Feltenstein |
Publisher | : |
Total Pages | : 41 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download 'Big Bang' Versus Gradualism in Economic Reforms Book in PDF, ePub and Kindle
This paper reviews briefly the controversy in the literature concerning the speed of adjustment and sequencing of reforms, and presents a model parameterized with Chinese data. The model is used to generate different policy simulations to illustrate some of the key issues in the debate on the speed and sequencing of reforms, and not to provide a basis for policy recommendations for China. The simulations highlight the importance of the criteria being used for determining speed and sequencing. The paper also underscores the limitations involved in attempting to derive conclusions from the model, given the complexity of the issues.
Author | : Mr.Andrew Feltenstein |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 0 |
Release | : 2001-08-01 |
Genre | : Business & Economics |
ISBN | : 9781451852141 |
Download “Big Bang” Versus Gradualism in Economic Reforms Book in PDF, ePub and Kindle
This paper reviews briefly the controversy in the literature concerning the speed of adjustment and sequencing of reforms, and presents a model parameterized with Chinese data. The model is used to generate different policy simulations to illustrate some of the key issues in the debate on the speed and sequencing of reforms, and not to provide a basis for policy recommendations for China. The simulations highlight the importance of the criteria being used for determining speed and sequencing. The paper also underscores the limitations involved in attempting to derive conclusions from the model, given the complexity of the issues.
Author | : Andrew Feltenstein |
Publisher | : International Monetary Fund |
Total Pages | : 46 |
Release | : 2001 |
Genre | : Capitalism |
ISBN | : |
Download "Big Bang" Versus Gradualism in Economic Reforms Book in PDF, ePub and Kindle
Author | : Emanuela Di Gropello |
Publisher | : |
Total Pages | : 68 |
Release | : 1992 |
Genre | : Chile |
ISBN | : |
Download Sequencing and Speed of Reforms in an Economic Liberalization Programme Book in PDF, ePub and Kindle
Author | : Vicente Galbis |
Publisher | : |
Total Pages | : 38 |
Release | : 1994 |
Genre | : Economic policy |
ISBN | : |
Download Sequencing of Financial Sector Reforms Book in PDF, ePub and Kindle
Author | : José María Fanelli |
Publisher | : |
Total Pages | : 62 |
Release | : 1992 |
Genre | : Economic policy |
ISBN | : |
Download On Gradualism, Shock and Sequencing in Economic Adjustment Book in PDF, ePub and Kindle
Author | : Bruno Merlevede |
Publisher | : |
Total Pages | : 42 |
Release | : 2007 |
Genre | : |
ISBN | : |
Download On the Speed of Economic Reform Book in PDF, ePub and Kindle
We analyse how the choice of reform speed and economic growth affect one another. We estimate a system of three equations where economic growth, economic reform and FDI are jointly determined. New reforms affect economic growth negatively, whereas the level of past reform leads to higher growth and attracts FDI. This means that the immediate adjustment cost of new reforms is counterbalanced by a future increase in FDI inflows and higher future growth through a higher level of past reform. Reform reversals contribute to lower growth. We use the model to simulate the impact of big bang reform and gradualist reform on economic growth. This is only meaningful in the presence of reform reversals, which requires aggregate uncertainty about the appropriate reform path. Using the coefficients from the empirical model, we find that even relatively small ex ante reversal probabilities suffice to tilt the balance in favour of gradualism. The case for gradualism gains strength if policymakers are short-sighted, but weakens if voters are myopic.