TY  - JOUR
AU  - Krishna,Kala
TI  - Conceptually Based Measures of Structural Adaptability
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4039
PY  - 1992
Y2  - March 1992
UR  - http://www.nber.org/papers/w4039
L1  - http://www.nber.org/papers/w4039.pdf
N1  - Author contact info:
Kala Krishna
Department of Economics
523 Kern Graduate Building
The Pennsylvania State University
University Park, PA 16802
Tel: 814/865-1106
Fax: 814/863-4775
E-Mail: kmk4@psu.edu
AB  - This paper provides definitions and measures of the extent of adaptability of an economy to exogenous changes in product prices, factor availability and technological change. It is argued that flexibility can in general only be defined relative to the exogenous changes that occur. Using a dual approach, measures of flexibility in response to the particular exogenous shock are developed. In addition, a decomposition of the total change in National Income into its component parts including gains due to flexibility or losses due to inflexibility is developed.
ER  -