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Liberalization and Primitivization


  • Dirk Bezemer

    (University of Groningen)


We 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.

Suggested Citation

  • Dirk Bezemer, 2005. "Liberalization and Primitivization," Development and Comp Systems 0509013, EconWPA.
  • Handle: RePEc:wpa:wuwpdc:0509013
    Note: Type of Document - doc; pages: 9

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    References listed on IDEAS

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    More about this item


    liberalization; output; uncertainty;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Economic Systems

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