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- W2122853204 abstract "Abstract The paper develops a methodology for evaluating the cost of distortions within the production sector of a small open growing economy. Quadratic approximations to the loss of output are developed. The main new result is that the dynamic loss due to distortions generally exceeds the discounted sum of static type losses due to distortions, at least to the second order. Another new result derives a quadratic approximation to the output loss that can be calculated using information on the size of the distortions and on producer substitution matrices evaluated at an observed distorted equilibrium, rather than at a hypothetical undistorted equilibrium." @default.
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- W2122853204 date "1985-11-01" @default.
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- W2122853204 title "A dynamic approach to the measurement of waste in an open economy" @default.
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- W2122853204 doi "https://doi.org/10.1016/0022-1996(85)90033-9" @default.
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