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On managing adjustment to external shocks in oil importing developing countries

Sanjeev Gupta and Sübidey Togan ()

No 149, Kiel Working Papers from Kiel Institute for the World Economy (IfW)

Abstract: This paper employs country specific multisectoral general equilibrium models of Turkey, Kenya and India to study the adjustment problems confronting these countries. The affects of liberal and interventionist policies on GDP and on incomes of different classes are analysed. The results show that liberal policies minimise the GDP losses and that farmers are relatively better off under these policies.

Date: 1982
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