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Interventionism, Microeconomic Reform and the External Deficit

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  • Tony Makin

Abstract

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 account.

Suggested Citation

  • Tony Makin, 1992. "Interventionism, Microeconomic Reform and the External Deficit," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 25(1), pages 15-21, January.
    • Handle: RePEc:bla:ausecr:v:25:y:1992:i:1:p:15-21
    DOI: 10.1111/j.1467-8462.1992.tb00572.x
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    References listed on IDEAS

    as
    1. A. J. Makin, 1989. "Is the Current Account Deficit Sustainable?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 22(2), pages 29-33, June.
    2. Ian R. Harper, 1990. "Comment on Moore," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 23(3), pages 42-43, September.
    3. Des Moore, 1990. "Debt ‐ Is It Still A Problem?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 23(3), pages 17-32, September.
    4. Forsyth, P.J., 1990. "Competitiveness, Microeconomic Reform And The Current Account Deficit," CEPR Discussion Papers 228, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    5. M. K. Lewis & M. Polasek, 1990. "Whither the Balance of Payments?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 23(3), pages 5-16, September.
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