Skip navigation
Skip navigation

Trade reform in the short run: China’s WTO accession

Rees, Lucy; Tyers, Rod


Because trade liberalisation, taken alone, reduces the home prices of foreign goods there is a substitution away from home produced goods and a real depreciation. In fixed exchange rate regimes this requires a domestic deflation, which can be contractionary in the short run. This paper reviews the short-term effects of trade reform and shows that they are expansionary if the reformed economy enjoys an immediate improvement in allocative efficiency and it attracts a sufficient increase in...[Show more]

CollectionsANU Research Publications
Date published: 2002
Type: Working/Technical Paper


File Description SizeFormat Image
1477-01.2003-06-19T03:41:01Z.xsh350 BEPrints MD5 Hash XML
wp423.pdf967.95 kBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  20 July 2017/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator