The paper consides the irreversible investment response to trade liberalisation when agents perceive there to be a positive probability that the liberalisation may be reversed. It is shown that even with full credibility the aggregate investment response may be weak since investment will collapse in the unfavoured sector as a result of the change in domestic relative prices.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Paper provided by Centre for the Study of African Economies, University of Oxford in its series Working Papers Series with number
97-6.
Length: 29 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:oxesaf:97-6
Contact details of provider: Postal: Centre for the Study of African Economies Institute of Economics and Statistics University of Oxford St. Cross Building, Manor Road Oxford, OX1 3UL, UK. Phone: +44-(0)1865 271084 Fax: 44-(0)1865 281447 / 271094 Email: Web page: http://users.ox.ac.uk/~csaeinfo/ More information through EDIRC
Order Information: Postal: Publications Office Centre for the Study of African Economies Institute of Economics and Statistics University of Oxford St Cross Building Manor Road Oxford OX1 3UL Email: Web: http://users.ox.ac.uk/~csaeinfo/worldaccess/workingp/main.html
For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).
Find related papers by JEL classification: F15 - International Economics - - Trade - - - Economic Integration F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements F14 - International Economics - - Trade - - - Country and Industry Studies of Trade
Did you know? Each page is provided with a technical contact, in case something is not right with the supplied information. See under "publisher info".