Suchergebnisse

General equilibrium models of three developing countries -- Indonesia, Bolivia, & Cameroon -- are studied to examine the effects of a major structural adjustment policy: currency devaluation. Frameworks traditionally used to analyze structural adjustment issues fail to incorporate an endogenous investment response, which is important because it can reverse standard results & can alter the long-term growth effects of adjustment policy. Both the structural & aggregate investment dimensions are included by incorporating two-period optimization into a multisectoral computable general equilibrium (CGE) model in which the composition of aggregate demand responds to factor prices through their effect on investment decisions. The structure of output & trade similarly respond to macroeconomic forces, as well as to relative prices. 3 Tables, 8 References. Adapted from the source document.

Japan is today posting large current account surpluses, and there are signs of intensifying economic friction with other countries. This imbalance cannot be allowed to continue, either for the Japanese economy itself or for the harmonious development of the world economy. The situation having arisen in an interdependent world economy, Japanese policy responses alone cannot rectify this imbalance. International policy coordination is also needed, including reductions in the United States fiscal deficit. (DÜI-Sbt)

Recent international economic events have demonstrated the vulnerability of individual countries to external disturbances, or `shocks'. Such disturbances necessitate major adjustments to developing countries' trade behaviour, and therefore also to their domestic economies.This volume is an integrated theoretical and econometric study of the impact of global economic changes on the developing Turkish economy during the period 1970-1983. Structural adjustment is defined and presented in the context of a small open economy reacting to external shocks. The interaction of government and private sec

MacKinnon reviews 'Structural Adjustment Reconsidered: Economic policy and poverty in Africa' by David E. Sahn, Paul A. Dorosh and Stephen D. Younger.

AbstractAlthough not always painless, sound public finance as an objective in the Eurozone generally goes unquestioned. The aim of this article is to investigate the effects of structural adjustment on unemployment in selected Eurozone countries from 2000 to 2013. The estimates suggest that fiscal tightening, especially in declining macroeconomic conditions, will tend to increase the unemployment rate. The results suggest that if the reduction in structural deficit has to be considered an objective to achieve per se, it should be pursued in times of growth.