A General Equilibrium Approach to Interenterprise Arrears in Transition Economies with Application to Russia »
Series: IMF Working Papers
Author(s): Goohoon Kwon , and Se-Jik Kim
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1995
This paper presents a general equilibrium model of interenterprise arrears, characterized by n-stage production technology with random productivity shocks. The model shows that large interenterprise arrears in tran...