Kim, Cha Dong
The thesis discusses the dynamic effects of trade liberalization on welfare, current
account and other macroeconomic variables. It highlights on 1:1e potential intertemporal
costs of temporary reform during the transition, and hence focuses on the examination of
the main issues raised by these costs: timing (duration), sequencing, speed and credibility
of reform. We examine these dynamic issues using intertemporal optimizing frameworks.
We first show that both the long-run and the...[Show more]
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.