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Conceptually Based Measures of Structural Adaptability / Kala Krishna.
- Format:
- Book
- Author/Creator:
- Krishna, Kala.
- Young, Alwyn, author.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4039.
- NBER working paper series no. w4039
- Language:
- English
- Subjects (All):
- Economics.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1992.
- Cambridge, Mass. : National Bureau of Economic Research, 1992.
- Summary:
- This paper provides definitions and measures of the extent of adaptability of an economy to exogenous changes in product prices, factor availability and technological change. It is argued that flexibility can in general only be defined relative to the exogenous changes that occur. Using a dual approach, measures of flexibility in response to the particular exogenous shock are developed. In addition, a decomposition of the total change in National Income into its component parts including gains due to flexibility or losses due to inflexibility is developed.
- Notes:
- Print version record
- March 1992.
- Includes bibliographical references.
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