| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP61 |
| DP61 Theory and Policy of Adjustment in an Open Economy | |
| Peter Neary | |
| 发表日期 | 1985-04-01 |
| 出版年 | 1985 |
| 语种 | 英语 |
| 摘要 | This paper presents a non-technical introduction to the analysis of how an open economy adjusts to exogenous shocks. Three alternative models of adjustment are considered, each one appropriate to a different time horizon: the specific-factors model with transitional unemployment for the short run; the Heckscher-Ohlin model with temporary capital specificity for the medium run; and a new model of growth and structural change for the long run. Consideration is also given to the choice of policies towards the adjustment process, from both a welfare economic and a political economy perspective. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Adjustment International trade theory Long run Short run Structural change |
| URL | https://cepr.org/publications/dp61 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529217 |
| 推荐引用方式 GB/T 7714 | Peter Neary. DP61 Theory and Policy of Adjustment in an Open Economy. 1985. |
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