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On managing adjustment to external shocks in oil importing developing countries

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  • Gupta, Sanjeev
  • Togan, Sübidey

Abstract

This paper employs country specific multisectoral general equilibrium models of Turkey, Kenya and India to study the adjustment problems confronting these countries. The affects of liberal and interventionist policies on GDP and on incomes of different classes are analysed. The results show that liberal policies minimise the GDP losses and that farmers are relatively better off under these policies.

Suggested Citation

  • Gupta, Sanjeev & Togan, Sübidey, 1982. "On managing adjustment to external shocks in oil importing developing countries," Kiel Working Papers 149, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:149
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    References listed on IDEAS

    as
    1. Bela Balassa, 1981. "The newly-industrializing developing countries after the oil crisis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 142-194, March.
    2. Kemal Dervis & Jaime de Melo & Sherman Robinson, 2015. "A General Equilibrium Analysis Of Foreign Exchange Shortages In A Developing Economy," World Scientific Book Chapters, in: Modeling Developing Countries' Policies in General Equilibrium, chapter 4, pages 71-86, World Scientific Publishing Co. Pte. Ltd..
    3. Jaime de MELO & Sherman ROBINSON, 2015. "Trade Adjustment Policies And Income Distribution In Three Archetype Developing Economies," World Scientific Book Chapters, in: Modeling Developing Countries' Policies in General Equilibrium, chapter 10, pages 217-242, World Scientific Publishing Co. Pte. Ltd..
    4. R. C. Geary, 1950. "A Note on "A Constant-Utility Index of the Cost of Living"," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 18(1), pages 65-66.
    5. Vincent, David P., 1981. "Multisectoral economic models for developing countries," Kiel Working Papers 117, Kiel Institute for the World Economy (IfW Kiel).
    6. Hanoch, Giora, 1971. "CRESH Production Functions," Econometrica, Econometric Society, vol. 39(5), pages 695-712, September.
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