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COMPONENTS OF TRADE POLICY:
External sector reforms beginning with 1991 included dismantling of trade restrictions along with tariff rationalization, a move towards current account convertibility, liberal inflows of private capital, removal of restrictions on dividends, royalties, technical fees outflows and gradual liberalization of restrictions on outflows involving residents. To be more specific, the trade policy changes included simplification of procedures and removal of procedural bottlenecks, removal of QRs, broadening of export incentives and export promotion schemes to a large number of non-traditional and non- manufacturing exports, strengthening the export production base, technological up gradation and improvement of product quality, identification of thrust areas and thrust products, shift from direct export subsidy to indirect promotional measures and phased removal of all BOP related QRs by 2001.
What do is and LM curve signify?
definition of cheap money
For an interest rate of 12% per year compounded continuously, find (a) the nominal rate per year, (b) the nominal rate per quarter, (c) the effective rate per quarter, and (d) the
Q. Show the Destruction of capital? Destruction of capital, for instance, through a war, works in the opposite way. Marginal product of labor falls, GDP per capita falls and po
Explain the multiplier effect with example Deposits and loans in banks give rise to an important multiplier effect. We use a simple example to illustrate this effect. Consider
1) Consumption is positively related to stock market wealth but negatively related to taxes and tax rates.
What is the meaning of Capital - Gross domestic product By capital we characteristically mean manufactured goods which are used to produce other goods and services though are
After an oil price shock was impacted upon the other five variables in the model, many interesting results were found. I have already demonstrated that oil Granger causes i
Firms such a Moody's and Standard &Poor's study corporations that issue bonds. They publish "ratings" for the bonds- evaluation of the likelihood of default. Suppose these rating c
Figure below demonstrates a more developed version of the circular flow. In this figure we see how goods flow through various sectors of the economy. Figure Money in the c
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