Interventionism, Microeconomic Reform and the External Deficit
作者:
Tony Makin,
期刊:
Australian Economic Review
(WILEY Available online 1992)
卷期:
Volume 25,
issue 1
页码: 15-21
ISSN:0004-9018
年代: 1992
DOI:10.1111/j.1467-8462.1992.tb00572.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
This article argues that interventionist policies aimed at encouraging export or import‐competing industries would not, of themselves, eliminate external deficits under the existing floating exchange rate regime. Similarly, improved productivity and changes in competitiveness are also likely to render microeconomic reform ineffective as an instrument for influencing the external accoun
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