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General equilibrium models of three developing countries -- Indonesia, Bolivia, & Cameroon -- are studied to examine the effects of a major structural adjustment policy: currency devaluation. Frameworks traditionally used to analyze structural adjustment issues fail to incorporate an endogenous investment response, which is important because it can reverse standard results & can alter the long-term growth effects of adjustment policy. Both the structural & aggregate investment dimensions are included by incorporating two-period optimization into a multisectoral computable general equilibrium (CGE) model in which the composition of aggregate demand responds to factor prices through their effect on investment decisions. The structure of output & trade similarly respond to macroeconomic forces, as well as to relative prices. 3 Tables, 8 References. Adapted from the source document.

In this study, the author uses an innovative methodology to better understand andexplain the informal sector in West Africa. The book gives policy recommendations forimproving competitiveness and productivity growth

The paper studies services‐sector trade liberalization in the Asia–Pacific Economic Co‐operation (APEC) Forum using a global, multicountry, multisector applied general equilibrium model with an imperfectly competitive service sector. Reducing the service sector's nontariff barriers is modeled by eliminating the possibility for oligopolistic firms to price‐discriminate between client countries within APEC and lowering the fixed costs of the firms doing service exporting business. The results suggest that services trade liberalization reinforces existing sectoral trade balances. Increase in demand for intermediate services tends to reinforce rather than counteract the role of primary factors in determining sectoral comparative advantage. The western APEC members received the greatest welfare gains from services trade liberalization, while the developing economies gained more if only tariffs were eliminated.