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We analyze the costs of trade restrictions for a small developing economy. Capital goods are only introduced on the market if it is profitable to do so. The economy evolves to a balanced growth path in which income, welfare, and the share of introduced capital goods increase if trade...
Persistent link: https://www.econbiz.de/10008552947
The global crisis and the expansionary government reaction in many countries has revamped the attention of policy makers and academics on the growth effects of large public debts. Recent empirical studies investigate the impact of public debt on growth in advanced and emerging countries. This...
Persistent link: https://www.econbiz.de/10008690122
to the present crisis in low- and middle-income countries. The IMF lending policy has been harshly criticized for being … capacity and to political-economy interests of the IMF's major shareholders, i.e., the USA and G-7 countries, which dominate … the decision-making process and the Fund's view of good economic policies. Preliminary analysis of the 2008 and 2009 IMF …
Persistent link: https://www.econbiz.de/10008515080
This article is the introduction of an issue (to be published) of the U.S. review International Journal of Political Economy on the Cuban economy, and coordinated by Rémy Herrera. It deals with the progresses, but also with the deficiencies, of the Cuban revolution in the economic field, until...
Persistent link: https://www.econbiz.de/10005510633
This Working Paper deals with the progresses, but also with the deficiencies, of the Cuban revolution in the economic field, until the recent de-dollarization. It underlines its economic challenges at the beginning of the XXIst century, as well as its internal forces and external opportunities...
Persistent link: https://www.econbiz.de/10005220170