| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2165 |
| 来源ID | Working Paper 2165 |
| Project Appraisal and Foreign Exchange Constraints: A Simple Exposition | |
| Charles R. Blitzer; Partha Dasgupta; Joseph E. Stiglitz | |
| 发表日期 | 1987-02-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | In an earlier paper, we showed that the value of shadow prices depends on how the government contemplates re- equilibrating the economy to the perturbation associated with any project, except in the extreme case where the government has chosen all policy instruments optimally. Only under restrictive conditions will relative shadow prices for traded goods equal relative international prices. We develop here a general methodology for calculating shadow prices, which expresses the prices as a weighted average of domestic and international prices. The formulae provide the conditions under which the border price rule is valid. For instance, so long as there are non-traded goods, even if the government leaves tariffs unchanged (so that relative domestic prices of traded goods remain unchanged), unless the government completely neutralizes the induced change in domestic income, there will be changes in the prices of non-traded goods. These will preclude the use of the border price rule. |
| URL | https://www.nber.org/papers/w2165 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559419 |
| 推荐引用方式 GB/T 7714 | Charles R. Blitzer,Partha Dasgupta,Joseph E. Stiglitz. Project Appraisal and Foreign Exchange Constraints: A Simple Exposition. 1987. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2165.pdf（215KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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