Industrial restructuring, public expenditure and social equity: the experience of Argentina
作者:
Jorge M Katz,
期刊:
Science and Public Policy
(OUP Available online 1991)
卷期:
Volume 18,
issue 6
页码: 375-378
ISSN:0302-3427
年代: 1991
DOI:10.1093/spp/18.6.375
出版商: Beech Tree Publishing
数据来源: OUP
摘要:
AbstractUsing Argentina as an example, the universal validity of the neo-classical growth theory is refuted on the grounds that firms, markets and institutions behave differently in different environments. In a situation of shifting international technological frontiers undermining a country's competitive advantage, should the government admit to a gradual decline in its relative position or try to induce an industrial restructuring process? The latter option may well lead to deep negative welfare effects.
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