Adjustment, trade policy and investment slumps: evidence from east asia

David Fielding

Journal of Economic Policy Reform, 1998, vol. 2, issue 3, 281-299

Abstract: This paper presents a model of investment in five East Asian economies over the 1970s and 80s, paying particular attention to the impact of the policy reforms which have accompanied Structural Adjustment Programmes. A priori, the impact of trade reform on investment can be positive or negative; in practise, it is found to be negative.

Date: 1998
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DOI: 10.1080/13841289808523386

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