000007459 001__ 7459
000007459 005__ 20180122192901.0
000007459 037__ $$a1702-2016-139891
000007459 041__ $$aen
000007459 245__ $$aHow Fiscal (Mis)-Management May Impede Trade Reform: Lessons From an Intertemporal, Multi-Sector General Equilibrium Model for Turkey
000007459 260__ $$c1998
000007459 269__ $$a1998
000007459 300__ $$a31
000007459 336__ $$aWorking or Discussion Paper
000007459 446__ $$aEnglish
000007459 490__ $$aBulletin 98-1
000007459 520__ $$aWe utilize a multi-sector general equilibrium model based on intertemporally
optimizing agents to study issues of trade liberalization and fiscal adjustments in the
context of the Turkish economy. A key feature of the model is its explicit recognition
of the distortionary consequences of excessive borrowing requirements of the public
sector through increased domestic interest costs. The model results suggest that the
postponement of adjustment to growing public debt and fiscal imbalances could be
detrimental; and that in the absence of coordinated fiscal reforms, the welfare gains
expected from trade liberalization may significantly be negated.
000007459 650__ $$aInternational Relations/Trade
000007459 700__ $$aDiao, Xinshen
000007459 700__ $$aRoe, Terry L.
000007459 700__ $$aYeldan, A. Erinc
000007459 8564_ $$s1729724$$uhttp://ageconsearch.umn.edu/record/7459/files/edc98-01.pdf
000007459 887__ $$ahttp://purl.umn.edu/7459
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  Previous issue date: 1998
000007459 982__ $$gUniversity of Minnesota>Economic Development Center>Bulletins
000007459 980__ $$a1702