Series: IMF Working Papers
Author(s): Gabriel Srour
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2004
Keywords: diversification, volume of trade, elasticity of substitution, Open Economy Macroeconomics,
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can dive...