بررسي كارآمدي اصلاح قيمت هاي نسبي در بستر افتراق ميان اهداف و نتايج تعديل ساختاري

Survey the Relative Prices Reform Efficiency in the Context of Difference between Objectives of Structural Adjustment and its Consequences

"Structural adjustment" is the name given to a set of "free market" economic policy reforms. Reforming of relative prices is the main building bloc of structural adjustment programs. This paper attempts to compare the interactions among the variables in the structural adjustment policy package with the status of theoretical predictions by the Washington Consensus and at the same time, it investigate the efficiency of correction in the relative prices in Iran. Therefore, in the first part of the article, the concepts of ad justment and its roots in the Neoclassical theories and structural adjustment limit is expressed. Then in the next section, it deals with Schematic Summary of Iranʹs macroeconomic system and theoretical system of the Washington Consensus. Then, the paper, with comparing the performance of structural adjustment in both theoretical and real situations, assesses efficiency of relative prices reform. In the third part, relying on specific characteristics of the Iranian economy, difference between objectives of structural adjustment and its consequences in Iranʹs economy is expressed. Results present "the structural adjustment puzzle" and attention to this puzzle in the relative prices reform is the most important recommendation in this article. Keywords: Structural Adjustment, Washington Consensus, Relative Price, Simulation, Simultaneous Equation System JEL: E20, E17, C30