| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1008 |
| DP1008 The Uruguay Round and Trade in Manufactures and Services. General Equilibrium Simulations of Production, Trade and Welfare Effects of Liberalization | |
| Jan I. Haaland | |
| 发表日期 | 1994-07-31 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | We develop a novel Bayesian pooling technique to estimate aggregate production functions for the previously centrally planned economies (PCPEs) of Eastern Europe and for Western economies, as well as for a group of developing countries. This technique adjusts for the low quality of the PCPE data and also possible differences between PCPE and Western and developing-country technologies. We then apply our estimates to study various privatization scenarios concerning the adoption of Western technology. If the transferability of assets to the new technology is low and Western capital is unavailable, it can be better not to privatize at all, than to have full (big-bang) privatization. Large-scale privatization is also less desirable if Western capital is available for new projects. Thus, it may in some instances be desirable to use Western support to slow the rate of privatization, rather than hasten it. |
| 主题 | International Macroeconomics |
| 关键词 | Bayesian econometrics Big bang Gradualism Previously centrally planned economies Privatization Solow growth model |
| URL | https://cepr.org/publications/dp1008 |
| 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/530144 |
| 推荐引用方式 GB/T 7714 | Jan I. Haaland. DP1008 The Uruguay Round and Trade in Manufactures and Services. General Equilibrium Simulations of Production, Trade and Welfare Effects of Liberalization. 1994. |
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