“Export Experience” under Borrowing Constraints

Saqib Jafarey and Sajal Lahiri

Review of International Economics, 2004, vol. 12, issue 5, 844-854

Abstract: The paper develops a two‐period, two‐country, multigood model with endogenous investment. Borrowing is subject to quantitative restrictions. The authors examine the effect of promoting exports in period 1 on the level of exports in period 2. They consider a number of scenarios depending on how the initial values of the policy instruments are determined, and compare the “export‐experience” effects under the different scenarios.

Date: 2004
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https://doi.org/10.1111/j.1467-9396.2004.00485.x

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