Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy »
Journal Issue
Volume/Issue: 2004/60
Series: IMF Working Papers
Author(s): Gabriel Srour
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2004
DOI: http://dx.doi.org/10.5089/9781451848083.001
ISBN: 9781451848083
Keywords: diversification, volume of trade, elasticity of substitution, Open Economy Macroeconomics,
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can dive...