Liberalization and Primitivization
AbstractWe note the empirical regularity that market liberalizations cause an initial fall in output, efficiency and value-added. We account for these findings in a model where liberalizations increase systemic risk. We compare it to alternative explanations and discuss implications.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0509013.
Length: 9 pages
Date of creation: 14 Sep 2005
Date of revision:
Note: Type of Document - doc; pages: 9
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liberalization; output; uncertainty;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-29 (All new papers)
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