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Effects of Alternative Policy Regimes on Foreign-Payments Imbalances

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  • SVBIDEY TOGAN

    (Technical University, Ankara, Turkey.)

Abstract

Using a country-specific multisectoral general-equilibrium trade model the paper examines the consequences of outward- and inward-oriented development strategies. The analysis supports the view that the unwillingness of some of the developing countries' governments to pursue outward-oriented policies can be explained in terms of low trade-elasticity values supposedly perceived by the policy makers, and/or by the political power exercised by capitalists, whet seem to lose most under outward-oriented policies.

Suggested Citation

  • Svbidey Togan, 1983. "Effects of Alternative Policy Regimes on Foreign-Payments Imbalances," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 22(4), pages 239-260.
  • Handle: RePEc:pid:journl:v:22:y:1983:i:4:p:239-260
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    File URL: http://www.pide.org.pk/pdf/PDR/1983/Volume4/239-260.pdf
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    References listed on IDEAS

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    1. Jaime de MELO & Sherman ROBINSON, 2015. "Trade Adjustment Policies And Income Distribution In Three Archetype Developing Economies," World Scientific Book Chapters,in: Modeling Developing Countries' Policies in General Equilibrium, chapter 10, pages 217-242 World Scientific Publishing Co. Pte. Ltd..
    2. Hanoch, Giora, 1971. "CRESH Production Functions," Econometrica, Econometric Society, vol. 39(5), pages 695-712, September.
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