Liberalization and Primitivization

Dirk Bezemer ()

Development and Comp Systems from University Library of Munich, Germany

Abstract: We note the empirical regularity that market liberalizations cause an initial fall in output, efficiency and value-added. We account for these findings in a model where liberalizations increase systemic risk. We compare it to alternative explanations and discuss implications.

Keywords: liberalization; output; uncertainty (search for similar items in EconPapers)
JEL-codes: O P (search for similar items in EconPapers)
Pages: 9 pages
Date: 2005-09-14
Note: Type of Document - doc; pages: 9
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpdc:0509013

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