The implications of trade barriers for sectoral diversification and macroeconomic stability in developing economies /

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Bibliographic Details
Author / Creator:	Srour, Gabriel, 1958- author.
Imprint:	[Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Description:	1 online resource (24 pages).
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/06/50 IMF working paper ; WP/06/50.
Subject:	Non-tariff trade barriers -- Developing countries -- Econometric models. Commercial policy -- Econometric models. Developing countries -- Commercial policy -- Econometric models. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13357363

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. IMF Institute.
ISBN:	128351320X 9781283513203 1451908466 9781451908466
ISSN:	2227-8885
Digital file characteristics:	data file
Notes:	Includes bibliographical references. Print version record.
Summary:	The paper examines the implications of lower trade barriers for sectoral diversification and macroeconomic stability in developing economies with a large primary goods sector. It shows that lower trade barriers can have ambiguous effects on macroeconomic stability. It shows also that diversification, in the form of equal distribution of resources between nonprimary sectors, may be counterproductive. In fact, investment in the nonprimary sector with lower trade barriers unambiguously enhances macroeconomic stability in a developing economy that is subject to substantial primary shocks.
Other form:	Print Version: 9781451908466
Standard no.:	10.5089/9781451908466.001

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