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On managing adjustment to external shocks in oil importing developing countries

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  • Gupta, Sanjeev
  • Togan, Sübidey

Abstract

This paper employs country specific multisectoral general equilibrium models of Turkey, Kenya and India to study the adjustment problems confronting these countries. The affects of liberal and interventionist policies on GDP and on incomes of different classes are analysed. The results show that liberal policies minimise the GDP losses and that farmers are relatively better off under these policies.

Suggested Citation

  • Gupta, Sanjeev & Togan, Sübidey, 1982. "On managing adjustment to external shocks in oil importing developing countries," Kiel Working Papers 149, Kiel Institute for the World Economy (IfW).
  • Handle: RePEc:zbw:ifwkwp:149
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    References listed on IDEAS

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    1. Bela Balassa, 1981. "The newly-industrializing developing countries after the oil crisis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 142-194, March.
    2. 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..
    3. R. C. Geary, 1950. "A Note on "A Constant-Utility Index of the Cost of Living"," Review of Economic Studies, Oxford University Press, vol. 18(1), pages 65-66.
    4. Hanoch, Giora, 1971. "CRESH Production Functions," Econometrica, Econometric Society, vol. 39(5), pages 695-712, September.
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