Allocation of investment in a new market economy

Taradas Bandyopadhyay and Tapan Biswas

The Journal of International Trade & Economic Development, 1997, vol. 6, issue 3, 359-375

Abstract: In a simple two-sector open economy model with non-shiftable capital, which is akin to the new free market economies of east European countries, this paper shows that, for a certain configuration of capital stocks, a temporary price intervention results in a better allocation of investment. It is also established that the level of intervention shouldbe declining during the period in question.

Keywords: Open economy; investment allocation; non-shiftable capital; tariff (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1080/09638199700000021

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