OHIO STATE UNIVERSITY. DEPT. OF AGRICULTURAL ECONOMICS AND RURAL SOCIOLOGY. AGRICULTURAL FINANCE PROGRAM
Estabilizacion y gestion economica en pequenas economias abiertas : comentario
This paper examines the interaction between macroeconomic management and a small, open, developing economy"s prospects for long-term growth.
Gonzalez Vega, Claudio · 1991
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Abstract
It claims that macroeconomic stability is a necessary , but not sufficient precondition for sustained growth. The choice of stabilization instruments has consequences for growth, while the choice of development strategy influences the degree of freedom of the authorities to stabilize the economy. Devaluation is preferred to quantitative restrictions and other heterodox measures. Protectionism, on the other had, increases rigidity and leads to instability. (Author abstract)
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