Who benefits from the adjustment process in developing countries? A test on India,Kenya, and Turkey

This paper employs country-specific multisectoral general equilibrium models of Turkey, Kenya, and India to study the adjustment problems confronting these countries. The effects of liberal and interventionist policies on GDP and on incomes of different classes are analyzed. The results show that liberal policies minimize the GDP losse that both capitalists and farmers are relatively better off under these policies, while industrial persons experience reduced welfare.