Policy Reform, Adjustment Costs, and Investment : With Activity of Local Investors as a Signal

With Activity of Local Investors as a Signal

Policy Reform, Adjustment Costs, and Investment : With Activity of Local Investors as a Signal
Adjustment assistance is provided to local investors responding to policy reform and facing adjustment costs, to facilitate their activity-a signal to foreign investors about the profitability of investing in the local economy. The government, in providing assistance, maximizes its utility subject to its budgetary constraint, taking into account... READ MORE...

Publication date: November 1997
ISBN 9781451856781
$15.00

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