Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy

Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of the nonprimary sectors and equilibrium adjustments to... READ MORE...

Publication date: April 2004
ISBN 9781451848083
$15.00

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