Trade adjustment policies and income distribution in three archetype developing economies

De Melo, Jaime; Robinson, Sherman

doi:10.1016/0304-3878(82)90056-6

Professional article

English

Trade adjustment policies and income distribution in three archetype developing economies

Contributors

De Melo, Jaime; Robinson, Sherman

Published in

Journal of development economics, vol. 10, no. 1, p. 67-92

Publication date

1982

Abstract

This paper explores quantitatively the macroeconomic and distributional impacts on non-oil producing, semi-industrial developing countries of external shocks originating in the world economy —in particular, rising costs of imports and shrinking export markets. The empirical analysis is done with a computable general equilibrium (CGE) model. The effects of the same external shock are modelled for three different archetype economies: a primary exporter, a manufacturing exporter, and a closed economy. Three different policy-adjustment regimes are considered: devaluation, premium rationing of imports (import licenses), and premium rationing in an environment with a fixed real wage for unskilled labor. By making simple assumptions about the way socioeconomic groups operate to influence decision-making, the paper also examines how the struggle between the gainers and losers is likely to affect the policy regime to be chosen.

UNIGE affiliation entities

Faculté d'économie et de management

Citation (ISO format)

DE MELO, Jaime, ROBINSON, Sherman. Trade adjustment policies and income distribution in three archetype developing economies. In: Journal of development economics, 1982, vol. 10, n° 1, p. 67–92. doi: 10.1016/0304-3878(82)90056-6

Article (Accepted version)

Identifiers

PID : unige:55447
DOI : 10.1016/0304-3878(82)90056-6

Additional URL for this publication

http://www.sciencedirect.com/science/article/pii/0304387882900566

Journal ISSN

0304-3878

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Trade adjustment policies and income distribution in three archetype developing economies

Contributors

Published in

Publication date

Abstract

UNIGE affiliation entities

Citation (ISO format)

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Identifiers

Additional URL for this publication

Journal ISSN

Technical informations

Creation

First validation

Update

Status update

Last indexation