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Financial liberalization, urban unemployment and welfare: some implications of the artificial low interest rate and the high wage rate policies in LDCs

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  • Daitoh, Ichiroh
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    Article provided by Elsevier in its journal Journal of Development Economics.

    Volume (Year): 72 (2003)
    Issue (Month): 1 (October)
    Pages: 163-179

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    Handle: RePEc:eee:deveco:v:72:y:2003:i:1:p:163-179

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    1. Caroline Betts & Joydeep Bhattacharya, 1998. "Unemployment, credit rationing, and capital accumulation: a tale of two frictions," Economic Theory, Springer, vol. 12(3), pages 489-517.
    2. Harris, John R & Todaro, Michael P, 1970. "Migration, Unemployment & Development: A Two-Sector Analysis," American Economic Review, American Economic Association, vol. 60(1), pages 126-42, March.
    3. Sebastian Edwards & Jonathan D. Ostry, 1992. "Terms of Trade Disturbances, Real Exchange Rates and Welfare: The Role of Capital Controls and Labor Market Distortions," NBER Working Papers 2907, National Bureau of Economic Research, Inc.
    4. van Wijnbergen, S., 1982. "Stagflationary effects of monetary stabilization policies : A quantitative analysis of South Korea," Journal of Development Economics, Elsevier, vol. 10(2), pages 133-169, April.
    5. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    6. Battle, Ann Marie, 1997. "Welfare effects of liberalization reforms with distortions in financial and labor markets," Journal of Development Economics, Elsevier, vol. 52(2), pages 279-294, April.
    7. van Wijnbergen, Sweder, 1983. "Credit policy, inflation and growth in a financially repressed economy," Journal of Development Economics, Elsevier, vol. 13(1-2), pages 45-65.
    8. Buffie, Edward F., 1984. "Financial repression, the new structuralists, and stabilization policy in semi-industrialized economies," Journal of Development Economics, Elsevier, vol. 14(3), pages 305-322, April.
    9. Edwards, Sebastian & Ostry, Jonathan D., 1990. "Anticipated protectionist policies, real exchange rates, and the current account: the case of rigid wages," Journal of International Money and Finance, Elsevier, vol. 9(2), pages 206-219, June.
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    Cited by:
    1. Min B. SHRESTHA & Khorshed CHOWDHURY, 2007. "Impact of Financial Liberalization on Welfare: Evidence from Nepal," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(1).
    2. Hakan Berument & Nukhet Dogan & Aysit Tansel, 2004. "Economic Performance and Unemployment: Evidence from an Emerging Economy - Turkey," Working Papers 0409, Economic Research Forum, revised Apr 2004.

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