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Sequencing and welfare: labour markets and agriculture

Sequencing and welfare: labour markets and agriculture

Open economies: structural adjustment and agriculture: 15-41

This paper investigates under what circumstances a welfare criterion indicates that a particular sequencing is preferred to another. This is done by developing an intertemporal framework which focuses on the role of labour market distortions, and the impact of structural reform on the agricultural sector. A general intertemporal model of a small open developing economy subject to multiple distortions is developed, that can be used to address the issues of sequencing and speed of reform.

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Accession: 002219128

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