1998
DOI: 10.1002/(sici)1099-1328(199806)10:4<555::aid-jid545>3.3.co;2-g
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Structural adjustment programmes and export supply response
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Cited by 12 publications
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Section: Resultsmentioning
confidence: 99%
“……”
Section: Resultsmentioning
confidence: 99%
“……”
Section: Resultsmentioning
confidence: 99%
“…Moreover, during a recession period, a business-cycle related domestic demand increase may have a bigger contribution to economic growth than an emphasis on the current account balance improvement (Comunale and Hesse 2014), whereas the adoption of austerity measures may lead to a slower economic growth (Bianchi et al 2019). Furthermore, it is noted that Greek enterprises tried to address the demand reduction problem through wage cuts (Kosma et al 2017), with the internal devaluation not leading to a competitiveness boost (Passas and Pierros 2017), since the EAPs do not produce permanent results in terms of promoting exports (Noorbakhsh and Paloni 1998).…”
Section: The Economic Policy In Greece During the Crisismentioning
confidence: 99%
“…Inflexible factor markets constrain the ability to reallocate resources. For countries dependent on agricultural exports, this limits their ability to increase production in response to improved price incentives following trade liberalisation (McKay, Morrissey and Vaillant 1997;Noorbakhsh and Paloni 1998). SSA countries have proved unable to expand exports of manufactures given the small size and low levels of efficiency and of investment in technology of African manufacturing firms (Söderbom and Teal 2003).…”
Section: Arguments For and Against Tradementioning
confidence: 99%
