; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "The Interaction and Sequencing of Policy Reforms"; ; "batchuser@example.com"; "Hur, Sewon", "Ruhl, Kim J.", "Asturias, Jose", "Kehoe, Timothy Jerome, 1953-"; "Federal Reserve Bank of Minneapolis"; "Trade barriers", "Contract enforcement", "Sequencing reforms", "Entry barriers"; "F40 - Macroeconomic Aspects of International Trade and Finance: General", "F13 - Trade Policy; International Trade Organizations", "O24 - Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy", "O11 - Macroeconomic Analyses of Economic Development", "O19 - International Linkages to Development; Role of International Organizations"; "In what order should a developing country adopt policy reforms? Do some policies complement each other? Do others substitute for each other? To address these questions, we develop a two-country dynamic general equilibrium model with entry and exit of firms that are monopolistic competitors. Distortions in the model include barriers to entry of firms, barriers to international trade, and barriers to contract enforcement. We find that a reform that reduces one of these distortions has different effects depending on the other distortions present. In particular, reforms to trade barriers and barriers to the entry of new firms are substitutable, as are reforms to contract enforcement and trade barriers. In contrast, reforms to contract enforcement and the barriers to entry are complementary. Finally, the optimal sequencing of reforms requires reforming trade barriers before contract enforcement."^^; "2015-11-18"; "2019-05-17T14:04:01.833273045+00:00"^^; "https://doi.org/10.21034/sr.521"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 21:45:09 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "37", "354", "394", "677"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "521"; "Trade barriers", "Entry barriers", "Sequencing reforms", "Contract enforcement"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Journal of Economic Dynamics and Control_ (Vol. 72, November 2016, pp. 45-66) https://doi.org/10.1016/j.jedc.2016.05.006."^^; ; "Publication" . ; .