Research Catalog

Globalisation in Developing Countries The Role of Transaction Costs in Explaining Economic Performance in India

Title
Globalisation in Developing Countries [electronic resource]: The Role of Transaction Costs in Explaining Economic Performance in India / Maurizio Bussolo and John Whalley
Author
Bussolo, Maurizio.
Publication
Paris : OECD Publishing, 2003.

Available Online

Full text online available onsite at NYPL

Details

Additional Authors
Whalley, John.
Description
44 p.; 21 x 29.7cm.
Summary
The quest for large numbers has been going on for some time in international trade economics: models of trade liberalisation have consistently produced results that, compared ex post with real world data, show the right sign but the "wrong" magnitudes. This paper proposes a new approach by considering transaction costs reductions as an important factor explaining developing countries' actual performances. Rather than presenting econometric estimates of transaction costs from reduced form equations, this study explicitly introduces transaction costs in a system of structural form equations to build a general equilibrium simulation model. A clear mapping of the analytical channels through which changes of transaction costs affect the economic results is thus a primary objective. Additionally to the effect on aggregate income, the large number issue, this paper examines how transaction costs influence income distribution. Numerical simulations based on India are presented ...
Series Statement
OECD Development Centre Working Papers, 1815-1949 ; no.219
Uniform Title
OECD Development Centre Working Papers, no.219.
Subject
  • Development
  • India
LCCN
10.1787/168464882170
OCLC
oecd-lib
Author
Bussolo, Maurizio.
Title
Globalisation in Developing Countries [electronic resource]: The Role of Transaction Costs in Explaining Economic Performance in India / Maurizio Bussolo and John Whalley
Imprint
Paris : OECD Publishing, 2003.
Series
OECD Development Centre Working Papers, 1815-1949 ; no.219
OECD Development Centre Working Papers, 1815-1949 ; no.219.
Connect to:
Full text online available onsite at NYPL
Indexed Term
Development
India
Added Author
Whalley, John.
Other Standard Identifier
10.1787/168464882170 doi
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