THE EAST ASIAN CRISIS: A DYNAMIC COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS
Robert McDougall and
Thomas Hertel ()
No 21587, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
The paper proposes a new disequilibrium approach to modeling international capital mobility. Key to this approach are errors in investors' assessments of potential returns to capital -- such as those recently observed in Asia. We use the model to study dynamic adjustment of North American farm and food industries to a marginally deeper, longer crisis in East Asia.
Keywords: Financial Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21587
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