Policy Reform, Adjustment Costs, and Investment : With Activity of Local Investors as a Signal /

Adjustment assistance is provided to local investors responding to policy reform and facing adjustment costs, to facilitate their activity-a signal to foreign investors about the profitability of investing in the local economy. The government, in providing assistance, maximizes its utility subject t...

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Detalles Bibliográficos
Autor Principal: Johnson, Omotunde
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1997.
Series:IMF Working Papers; Working Paper ; No. 1997/148
Acceso en liña:Full text available on IMF