"Export Experience" Under Borrowing Constraints

Topics:
Import Export
Tags:
Blackwell Publishing,
Finance,
Investment,
Period,
Scenario
Source:
Blackwell Publishing

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Overview: The paper develops a two-period, two-country, multigood model with endogenous investment. Borrowing is subject to quantitative restrictions. The authors examine the effect of promoting exports in period 1 on the level of exports in period 2. They consider a number of scenarios depending on how the initial values of the policy instruments are determined, and compare the "Export-experience" effects under the different scenarios.

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Format: PDF | Size: 153KB | Date: Oct 2004 | Pages: 11

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