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A Simple Model of Internal and External Balance for Resource-Rich Developing Countries(22.5月)/Martin H.Davies .ADB
jn209
2022. 6. 1. 07:14
n the study, a simple theoretical model of internal and external balance incorporates the key features of RRDCs. It predicts that a fall in government take depreciates the equilibrium real exchange rate and lowers equilibrium absorption. The study looks into the need for RRDCs to convert vast natural resources into sustainable economic development, considering the impact of macroeconomic instability due to recurrent commodity boom-and-bust cycles.
ewp-660-internal-external-balance-resource-rich-developing-countries.pdf
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