Author: Ethiopian Economic Policy Research Institute, Ethiopian Economic AssociationPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Quarterly report on the macroeconomic performance of the Ethiopian economy
Author: Ethiopian Economic Policy Research Institute, Ethiopian Economic AssociationPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Quarterly Report on the Macroeconomic Performance of the Ethiopian Economy
Author: Assessing the short-term impacts of COVID-19 on Ethiopia’s economy: External and domestic shocks and pace of recovery
Author: Aragie, EmertaPublisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 24
Book Description
In this paper, we analyze the economic impacts of response measures adopted in Ethiopia to curtail the spread of the COVID-19 pandemic. We carry out simulations using an economywide multiplier model based on a 2017 Social Accounting Matrix (SAM) for the country that properly depicts interactions between economic agents. The pandemic’s impact on the global economy combined with disruptions it causes in Ethiopia represents a large, unprecedented shock to the country’s economy. In such situations, a SAM-based multiplier model provides an ideal tool for measuring the short-term direct and indirect impacts of a shock on an economic system since there is limited room for proper adjustment of economic decisions. We model the seven-week partial lockdown policy implemented in Ethiopia from mid-March to early May 2020. We also consider two possible economic recovery scenarios that may emerge as the COVID-19 control policies are relaxed during the latter part of 2020 in order to generate insights on the potential continuing impact of the virus at the end of 2020. Although the country took early swift measures, our assessment of the partial lockdown measures suggests that they were not as strict as those observed in other Africa countries. Accordingly, our estimates of the economic costs of COVID-19 on Ethiopia are significantly lower than those reported for other countries on the continent. We estimate that during the lockdown period Ethiopia’s GDP suffered a 14 percent loss (43.5 billion Birr or 1.9 billion USD) compared to a no-COVID case over the same period. Nearly two-thirds of the losses were in the services sector. Although no direct restrictions were imposed on the agriculture sector, which serves as the primary means of livelihood for most Ethiopians, the sector faced a 4.7 percent loss in output due to its linkages with the rest of the economy. Poor export performance due to a slowdown in global trade and restrictions on the transport sector also partly explain the decline in agricultural output. The broader agri-food system also was affected considerably because of its linkages with the rest of the economy. In terms of the welfare of Ethiopians, we estimate that the economic impacts during the lockdown caused 10.1 million additional people to fall below the poverty line. These findings have implications for better understanding the direct and indirect impacts of COVID-19 and for policy design during the recovery period to return Ethiopia’s economy to a normal growth trajectory and to protect the livelihoods of the most vulnerable in the process.
Ethiopia
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451812620
Category : Business & Economics
Languages : en
Pages : 99
Book Description
This paper reviews economic developments in Ethiopia during 1995–99. It provides an update on macroeconomic performance and structural reforms during FY96–FY99 (fiscal year ended July 7), when Ethiopia—as Africa’s second most populous country and one of the world’s poorest nations—continued to make strides in transitioning to a market-based economy and alleviating widespread poverty. The paper also highlights the major challenges in the areas of financial sector liberalization, civil service reform, and privatization.
The Impact of Fiscal Policy Shocks on Ethiopian Economy
Author: Asmare Workneh AlamrewPublisher: GRIN Verlag
ISBN: 3668856044
Category : Business & Economics
Languages : en
Pages : 77
Book Description
Master's Thesis from the year 2017 in the subject Economics - Finance, , language: English, abstract: Fiscal policy is one of the macroeconomic policies which play a decisive role on economic growth; especially in developing economies which have many economic and social bottlenecks. This study examines the impacts of fiscal policy shock on Ethiopian economy; through applying static compatible general equilibrium (Stage CGE) model which allows quantifying the impacts of fiscal instrument shock on the economy and welfare of households. Fiscal problems like small tax revenue and consistent fiscal deficit put its own major influences on developing economies performance. The study uses 2009/10 Ethiopian SAM as an input for the model and applies three simulation scenarios. In the first simulation, tariff cut affects GDP and household welfare negatively. In the second simulation increasing direct tax has negative impact on total GDP. The other alternative simulation scenario is reducing direct tax and which give a positive change on the total GDP. In general, the government should reduce direct tax to improve economic performance. In addition, liberalizing tariff is not advisable for Ethiopian economy.
Report on the Ethiopian Economy: Macroeconomic performance : an overview; 1.1 Growth and patterns of structural change; Agriculture; lndustry; Service Sector; 1.2 Saving and investment; 1.3 Price developments; 1.4 Monetary developments; 1.5 Public finance and public debt; 1.6 External sector developments; Balance of payments; Exports; Imports. Chapter II. Performance of the agricultural sector. Chapter III. The large and medium scale manufacturing industries: performance during the first GTP ll implementation year (2015
Author: Macroeconomic Determinants of Economic Growth in Ethiopia. A Vector Correction Model
Author: Asmamaw Kassahun AgdewPublisher: GRIN Verlag
ISBN: 3346030784
Category : Business & Economics
Languages : en
Pages : 77
Book Description
Thesis (M.A.) from the year 2016 in the subject Economics - Case Scenarios, grade: 3.89, , language: English, abstract: The main objective of this study is to investigate the macroeconomic determinants of economic growth in Ethiopia from 1974-2014. A Vector Error Correction Model (VECM) to cointegration approach is applied in order to investigate the long run and short run relationship between real GDP and its macroeconomic determinants. The finding of the cointegration test shows that there is a stable long run relationship between real GDP, gross domestic saving, labor, human capital, export, FDI, foreign aid and external debt. The long run empirical result reveals gross domestic saving, human capital proxied by government expenditure on health and education, and labor force have positive and significant relationship with real output. However export and real GDP have positive but insignificant relationship. External debt, foreign aid and FDI have negatively significant relationship with real GDP during the study period. The short run dynamic results shows that human capital, saving and FDI have positive relationship with output growth whereas labor, export, aid and external debt have negative relationship with Real GDP. The coefficient of equilibrating error term (ECM) suggests that the speed of adjustment (feedback effect towards the long run equilibrium) takes few years for full adjustment when there is a shock in the system. In order to sustain long run growth the government or policy makers should design appropriate policies that results in the efficient use of resources contributing to economic growth and proper management of variables resulting to negative growth in order to reverse their effect on output.
The Parallel Foreign Exchange Market and Macroeconomic Performance in Ethiopia
Author: Deresse DegefaPublisher:
ISBN:
Category : Ethiopia
Languages : en
Pages : 66
Book Description
Author: Eshetu Chole
Author: