TY - JOUR AU - Abud, Jairo PY - 1992/10/01 Y2 - 2024/03/29 TI - Graphical interpretation of adjustment program costs JF - Brazilian Journal of Political Economy JA - BJPE VL - 12 IS - 4 SE - DO - 10.1590/0101-31571992-0701 UR - https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/1441 SP - 591-598 AB - <p>This work is based on a Bresser-Pereira’s paper, in which he proposes to represent<br />the liquid costs of an economic adjustment applied upon a country. For that study he<br />used a graphic tool. Generally speaking, we may say that there are two situations: the first<br />one occurs when the country ‘s government decides to apply the adjustments and reforms<br />as soon as distortions appear. The second one happens when the government, in spite of the<br />evidences, muddling through reforms, waits for a society consensus. To illustrate this two<br />different cases, Mexico and Argentina were chosen. Although the graphic tried to show the<br />transitional costs of adjustment, it is possible to deduce other interesting things – basis of<br />this work.</p><p><strong>JEL Classification:</strong> E31.</p> ER -