On the differential impact of the Asian crisis on the world economy: a general equilibrium perspective
Three years and more have passed since the outbreak of the Asian Financial crisis in 1997. We observe that the world economy was far from a ‘global slump,‘ yet the burden of adjustment had been uneven across countries. The crisis had a negative effect on the other developing countries, while the imp...
| Autores principales: | , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
2002
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/156260 |
| _version_ | 1855527126539698176 |
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| author | Diao, Xinshen Li, Wenli Yeldan, A. Erinc |
| author_browse | Diao, Xinshen Li, Wenli Yeldan, A. Erinc |
| author_facet | Diao, Xinshen Li, Wenli Yeldan, A. Erinc |
| author_sort | Diao, Xinshen |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Three years and more have passed since the outbreak of the Asian Financial crisis in 1997. We observe that the world economy was far from a ‘global slump,‘ yet the burden of adjustment had been uneven across countries. The crisis had a negative effect on the other developing countries, while the impact on industrial economies had been small, and even positive at the onset of the crisis. In this paper, we attempt to shed light on this differential impact of the crisis, and illustrate the uneven mechanics of adjustment in a world with commodity trade and capital flows. The analysis is conducted in an intertemporal general equilibrium model with multi‐region and multi‐commodity specification. |
| format | Journal Article |
| id | CGSpace156260 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2002 |
| publishDateRange | 2002 |
| publishDateSort | 2002 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1562602024-10-24T12:43:37Z On the differential impact of the Asian crisis on the world economy: a general equilibrium perspective Diao, Xinshen Li, Wenli Yeldan, A. Erinc economic development equilibrium theory Three years and more have passed since the outbreak of the Asian Financial crisis in 1997. We observe that the world economy was far from a ‘global slump,‘ yet the burden of adjustment had been uneven across countries. The crisis had a negative effect on the other developing countries, while the impact on industrial economies had been small, and even positive at the onset of the crisis. In this paper, we attempt to shed light on this differential impact of the crisis, and illustrate the uneven mechanics of adjustment in a world with commodity trade and capital flows. The analysis is conducted in an intertemporal general equilibrium model with multi‐region and multi‐commodity specification. 2002-10 2024-10-24T12:43:37Z 2024-10-24T12:43:37Z Journal Article https://hdl.handle.net/10568/156260 en Limited Access Wiley Diao, Xinshen; Li, Wenli; Yeldan, A. Erinc. 2002. On the differential impact of the Asian crisis on the world economy: a general equilibrium perspective. Pacific Economic Review 7(3): 519-543. https://doi.org/10.1111/1468-0106.00175 |
| spellingShingle | economic development equilibrium theory Diao, Xinshen Li, Wenli Yeldan, A. Erinc On the differential impact of the Asian crisis on the world economy: a general equilibrium perspective |
| title | On the differential impact of the Asian crisis on the world economy: a general equilibrium perspective |
| title_full | On the differential impact of the Asian crisis on the world economy: a general equilibrium perspective |
| title_fullStr | On the differential impact of the Asian crisis on the world economy: a general equilibrium perspective |
| title_full_unstemmed | On the differential impact of the Asian crisis on the world economy: a general equilibrium perspective |
| title_short | On the differential impact of the Asian crisis on the world economy: a general equilibrium perspective |
| title_sort | on the differential impact of the asian crisis on the world economy a general equilibrium perspective |
| topic | economic development equilibrium theory |
| url | https://hdl.handle.net/10568/156260 |
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