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“Export Experience” under Borrowing Constraints
Author(s) -
Jafarey Saqib,
Lahiri Sajal
Publication year - 2004
Publication title -
review of international economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.513
H-Index - 58
eISSN - 1467-9396
pISSN - 0965-7576
DOI - 10.1111/j.1467-9396.2004.00485.x
Subject(s) - economics , investment (military) , period (music) , international economics , monetary economics , macroeconomics , econometrics , physics , politics , political science , acoustics , law
The paper develops a two‐period, two‐country, multigood model with endogenous investment. Borrowing is subject to quantitative restrictions. The authors examine the effect of promoting exports in period 1 on the level of exports in period 2. They consider a number of scenarios depending on how the initial values of the policy instruments are determined, and compare the “export‐experience” effects under the different scenarios.