Agriculture Reference
In-Depth Information
Figure 10A.7 Trade reform with no capital controls
r
r
0
=
r
w
(1+
π
0
)
KA
NFI(Y
1
,
r
e
1
)
NFI(Y
0
,
r
e
0
)
KA
-
0
KA
0
KA
1
KA
+
1/e
R
S
0
S
1
e
R
1/e
1
R
1/e
0
R
NM(Y
1
>Y
0
,
τ
1
<τ
0
)
NM(Y
0
,
τ
0
)
CA
+
0
-
CA
0
-
CA
1
CA
-
