Egypt: The Environment for Adjustment to Trade Liberalization

dc.creator	Elshennawy, Abeer
dc.date	2017-04-01T13:56:04Z
dc.date.accessioned	2026-07-09T03:09:09Z
dc.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
dc.identifier	doi:10.22004/ag.econ.13895
dc.identifier	https://ageconsearch.umn.edu/record/13895/files/p05-09.pdf
dc.identifier	http://ageconsearch.umn.edu/record/13895
dc.identifier.uri	http://hdl.handle.net/123456789/527431
dc.language	eng
dc.publisher
dc.source	http://ageconsearch.umn.edu/record/13895
dc.title	Egypt: The Environment for Adjustment to Trade Liberalization
dc.type	Text

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