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The East Asian Crisis: A Dynamic Computable General Equilibrium Analysis

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  • Ianchovichina, Elena
  • McDougall, Robert
  • Hertel, Thomas W.

Abstract

The paper proposes a new disequilibrium approach to modeling international capital mobility. Key to this approach are errors in investors' assessments of potential returns to capital -- such as those recently observed in Asia. We use the model to study dynamic adjustment of North American farm and food industries to a marginally deeper, longer crisis in East Asia.

Suggested Citation

  • Ianchovichina, Elena & McDougall, Robert & Hertel, Thomas W., 1999. "The East Asian Crisis: A Dynamic Computable General Equilibrium Analysis," 1999 Annual meeting, August 8-11, Nashville, TN 21587, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21587
    DOI: 10.22004/ag.econ.21587
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    1. Ianchovichina, Elena & Robert McDougall & Thomas W. Hertel, 2000. "A Disequilibrium Model of International Capital Mobility," GTAP Working Papers 399, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
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    Cited by:

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