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Two sector models of open economies: a synthesis and an empirical application
Södertörns högskola, Institutionen för ekonomi och företagande, Företagsekonomi.
2007 (engelsk)Rapport (Annet vitenskapelig)
Abstract [en]

Some well-known two-sector models of industrial countries exhibit acrowding out effect or relationship between the main sectors of theeconomy. This is true of the Small Open Economy, traded-non-tradedgood model without nominal wage rigidity, and for the model of the DutchDisease. In contrast, important models of semi-industrialized countries, oreven emerging markets, such as the Bose Model, portray a complimentaryrelation between the various sectors. This paper discusses a possiblesynthesis between these differing model specifications, and tests theapplicability of these models for a large sample of industrial countries,emerging markets and developing economies by analyzing the interlinkagesin their sector growth patterns.

sted, utgiver, år, opplag, sider
Kozhikode: IIMK , 2007.
Serie
Indian Institute of Management Kozhikode, Working papers ; 16/ECO/2007/05
Emneord [en]
Open Economy Models, Dutch Disease, Emerging Markets, Sectoral Growth Patterns
Identifikatorer
URN: urn:nbn:se:sh:diva-6658OAI: oai:DiVA.org:sh-6658DiVA, id: diva2:403159
Tilgjengelig fra: 2011-03-11 Laget: 2011-03-11bibliografisk kontrollert

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