Since 2014
Egypt: The Environment For Adjustment To Trade Liberalization
International Business & Economics Research Journal
View Archive Info| Field | Value | |
| Title |
Egypt: The Environment For Adjustment To Trade Liberalization
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| Creator |
Elshennawy, Abeer
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| Description |
This paper investigated the potential effect of market failures in labor and capital markets in addition to market failure due to high transaction costs on the transitional path to trade liberalization. All three types of market failure were found to reduce the speed of adjustment to free trade and contribute to high adjustment costs. The paper also examined the consistency of the macroeconomic environment with the objectives of trade liberalization. It is postulated that a macroeconomic environment that is basically recessionary is likely to lead to high adjustment costs.
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| Publisher |
The Clute Institute
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| Date |
2011-02-16
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/3385
10.19030/iber.v6i7.3385 |
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| Source |
International Business & Economics Research Journal (IBER); Vol 6 No 7 (2007)
2157-9393 1535-0754 10.19030/iber.v6i7 |
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| Language |
eng
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| Relation |
https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/3385/3432
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