Razmi, Arslan

Relative quantities and prices in small and open developing economies [recurso electrónico] / Arslan Razmi

En: Ensayos Económicos [recurso electrónico]. -- no. 78 (nov., 2021). --

Buenos Aires :

Banco Central de la República Argentina

, 2016. --

  Incl. ref.
Incl. graf.
Modo de acceso: World Wide Web. PDF.
Descripción basada en la visualización del recurso el 13/8/2024
Disponible en: https://www.bcra.gob.ar/Institucional/DescargaPDF/DownloadPDF.aspx?Id=1014

  This paper employs variants of a simple framework to discuss the determination of sectoral output and relative prices in a stylized small open developing economy which consists of a traditional sector that produces non-tradables and a modern sector that produces internationally traded goods. The baseline model has the flavor of the traditional two-good dependent economy framework with surplus labor. I then introduce a series of modifications in the structure of the framework to (briefly) explore aspects such as distributional conflict, external balance constraints, capital account considerations, natural resource discoveries, and supply-side bottlenecks. The analysis demonstrates that the basic structure of the framework provides flexible tool for investigating important aspects of the development process in a small open economy.
  ISSN: 18506046

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