TY  - JOUR
AU  - Baldwin,Richard
TI  - Measuring 1992's Medium-Term Dynamic Effects
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3166
PY  - 1989
Y2  - November 1989
UR  - http://www.nber.org/papers/w3166
L1  - http://www.nber.org/papers/w3166.pdf
N1  - Author contact info:
Richard Baldwin
Cigale 2
1010 Lausanne
SWITZERLAND
Tel: 41-22-908-5900
E-Mail: rbaldwin@cepr.org
AB  - This paper presents an explicit model of the link between the 1992 market liberalization and the aggregate marginal productivity of EC capital. We show that the liberalization is likely to lead to a ceteris paribus rise in capital's marginal product and thereby raise the steady-state capital-labor ratio. The comparative steady-state impact of 1992 on output is roughly quantified.
ER  -