THE EAST ASIAN CRISIS: A DYNAMIC COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS Report as inadecuate




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The paper proposes a new disequilibrium approach to modeling international capital mobility. Key to this approach are errors in investors' assessments of potential returns to capital -- such as those recently observed in Asia. We use the model to study dynamic adjustment of North American farm and food industries to a marginally deeper, longer crisis in East Asia.

Keywords: Capital mobility ; adaptive expectations ; East Asian crisis

Subject(s): Financial Economics

Research Methods/ Statistical Methods

Issue Date: 1999

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/21587

Total Pages: 16

Series Statement: Selected Paper

Record appears in: American Agricultural Economics Association (AAEA) > 1999 Annual meeting, August 8-11, Nashville, TN





Author: Ianchovichina, Elena ; McDougall, Robert ; Hertel, Thomas W.

Source: http://ageconsearch.umn.edu/record/21587?ln=en







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