| Author Info |
Additional information is available for the following registered author(s):
| Abstract |
The quest for large numbers has been going on for some time in international trade economics: models of trade liberalisation have consistently produced results that, compared ex post with real world data, show the right sign but the “wrong” magnitudes. This paper proposes a new approach by considering transaction costs reductions as an important factor explaining developing countries’ actual performances. Rather than presenting econometric estimates of transaction costs from reduced form equations, this study explicitly introduces transaction costs in a system of structural form equations to build a general equilibrium simulation model. A clear mapping of the analytical channels through which changes of transaction costs affect the economic results is thus a primary objective. Additionally to the effect on aggregate income, the large number issue, this paper examines how transaction costs influence income distribution. Numerical simulations based on India are presented ...
La quête des grands nombres dure depuis quelques années dans l’économie du commerce international : les modèles de libéralisation des échanges ont régulièrement produit des résultats qui, comparés aux données réelles ex post, affichent le signe attendu mais un « mauvais » ordre de grandeur. Ce document propose une nouvelle méthode, qui consiste à considérer la réduction des coûts de transaction comme un facteur explicatif important des performances réelles des pays en développement. Au lieu de présenter une estimation économétrique des coûts de transaction tirée d’équations à forme réduite, cette étude introduit clairement les coûts de transaction dans un système d’équations structurelles afin de construire un modèle de simulation d’équilibre général. Le premier objectif visé est donc de parvenir à une cartographie claire des voies par lesquelles l’évolution des coûts de transaction affecte les resultants économiques. Outre leur effet sur le revenu agrégé — cette fameuse question ...
| Download Info |
If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help file. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
| Publisher Info |
Download reference. The following formats are available: HTML,
plain text,
BibTeX,
RIS (EndNote),
ReDIF
Contact details of provider:
Postal: 2 rue Andre Pascal, 75775 Paris Cedex 16
Email:
Web page: http://www.oecd.org/Dev
More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: ().
| Related research |
Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
| Statistics |
Did you know? Over 77% of the top 1000 economists are registered on RePEc.
This page was last updated on 2008-11-16.