TY - BOOK ID - 11264349 TI - The Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies AU - Srour, Gabriel. AU - International Monetary Fund. AU - IMF Institute. PY - 2006 SN - 1451863101 1462308449 1451908466 9786613825650 1452796564 128351320X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Developing countries -- Commercial policy -- Econometric models. KW - Electronic books. -- local. KW - Non-tariff trade barriers -- Developing countries -- Econometric models. KW - Commerce KW - Business & Economics KW - International Commerce KW - Non-tariff trade barriers KW - Econometric models. KW - Developing countries KW - Commercial policy KW - Non-tariff distortions of trade KW - Nontariff trade barriers KW - Emerging nations KW - Fourth World KW - Global South KW - LDC's KW - Least developed countries KW - Less developed countries KW - Newly industrialized countries KW - Newly industrializing countries KW - NICs (Newly industrialized countries) KW - Third World KW - Underdeveloped areas KW - Underdeveloped countries KW - Protectionism KW - Tariff KW - Exports and Imports KW - Labor KW - Macroeconomics KW - Monetary Policy KW - Economic Integration KW - Open Economy Macroeconomics KW - Trade Policy KW - International Trade Organizations KW - Wages, Compensation, and Labor Costs: General KW - Aggregate Factor Income Distribution KW - Trade: General KW - International economics KW - Labour KW - income economics KW - Trade barriers KW - Wages KW - Real wages KW - Income KW - Exports UR - https://www.unicat.be/uniCat?func=search&query=sysid:11264349 AB - The paper examines the implications of lower trade barriers for sectoral diversification and macroeconomic stability in developing economies with a large primary goods sector. It shows that lower trade barriers can have ambiguous effects on macroeconomic stability. It shows also that diversification, in the form of equal distribution of resources between nonprimary sectors, may be counterproductive. In fact, investment in the nonprimary sector with lower trade barriers unambiguously enhances macroeconomic stability in a developing economy that is subject to substantial primary shocks. ER -