Real Overvaluation, Terms of Trade Shocks, and the Cost to Agriculture in Sub-Saharan Africa PDF Download
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Author: Ibrahim Elbadawi Publisher: World Bank Publications ISBN: Category : Africa Languages : en Pages : 72
Book Description
The observed decline of agriculture and the general worsening of economic conditions in Sub-Saharan Africa are linked to economic distortions, which limit growth.
Author: Ibrahim Elbadawi Publisher: World Bank Publications ISBN: Category : Africa Languages : en Pages : 72
Book Description
The observed decline of agriculture and the general worsening of economic conditions in Sub-Saharan Africa are linked to economic distortions, which limit growth.
Author: Paul Cashin Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 58
Book Description
A country's terms of trade is one of the most important relative prices in economics, yet economists are largely ignorant of many of its empirical properties. The ratio of an index of a country's export prices to the prices of its imported goods defines the net barter terms of trade (NBTT), which measures the number of units of imports that can be exchanged for a unit of exports. Particularly for commodity-exporting developing countries, movements in the NBTT are key determinants of a country's macroeconomic performance, and have an important impact on real national incomes. For example, arabica coffee is the dominant exportable of Ethiopia. The slump in world arabica coffee prices in 1986-87, largely caused by world production in excess of consumption, resulted in a 40 percent fall in Ethiopia's terms of trade. As imports were about 15 percent of its national expenditure, this adverse movement in its terms of trade resulted in about a 6 percent decline in Ethiopia's real income. Such terms of trade-induced shocks to real incomes in developing countries necessitate a domestic policy response, but in framing an appropriate response, an important question is how long-lasting are typical shocks?
Author: Norbert Funke Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 30
Book Description
This paper identifies factors that contribute to a fast recovery in growth after persistent negative terms of trade shocks, using a sample of 159 countries for 1970-2006. The results suggest that policies matter. Fast recoveries are fairly robustly related to real exchange rate depreciation and improvements in government stability and the institutional environment. A timely increase in aid may also support recovery.
Author: Robert Frederick Townsend Publisher: World Bank Publications ISBN: 9780821345283 Category : Technology & Engineering Languages : en Pages : 226
Book Description
Printed on Demand. Limited stock is held for this title. If you would like to order 30 copies or more please contact [email protected] Contact [email protected], if currently unavailable. QUOTEAs we move into the 21st century, Africa faces tremendous opportunities for growth in which agriculture will continue to play a prominent role. Implementing the unfinished policy agenda is critical to realizing these opportunities.QUOTE-Hans P. Binswanger, Sector Director The main focus of this study is on improving the policy regime in Africa to stimulate agricultural growth. It examines the state of agricultural incentives in Sub-Saharan Africa, taking stock of the current policy environment and its recent evolution, to update knowledge and to help develop a stronger consensus on the appropriate policies and incentives that will stimulate agricultural growth. The global environment is examined together with the macroeconomic, export crop, food crop, and fertilizer policies in 16 African countries.
Author: Ajab Amin Publisher: African Books Collective ISBN: 2869783922 Category : Business & Economics Languages : en Pages : 439
Book Description
Developing a Sustainable Economy in Cameroon is an ambitious effort as the authors try to set a blue print for Cameroon's economy. In the 1980s facing economic crisis, and as dictated by the structural adjustment programme, Cameroon sharply cut public investment expenditures before later cutting government consumption which were followed by privatisation, liquidation of public companies and reduction in the size of the public sector. All these measures are believed to have had devastating effects on the economy. Given the performance of the economy so far the authors suggest that much more effort, with a strong commitment of the main stakeholders, is required to guarantee sustainable economic development in Cameroon. Truly, very few countries in Africa possess such enormous human and natural resources as Cameroon does. This volume brings out the challenges Cameroon faces in its quest for development as well as for designing appropriate strategies for addressing those development challenges.
Author: Merlinda D. Ingco Publisher: World Bank Publications ISBN: Category : Agricultural price supports Languages : en Pages : 43
Book Description
How stabilizers, price cuts, and the elimination of border taxes and subsidies would affect EC grain production and developing countries' grain trade.
Author: Ibrahim Elbadawi
Author: Ibrahim Elbadawi
Author: Paul Cashin
Author: Norbert Funke
Author: Ibrahim Elbadawi
Author: Mustapha Rouis
Author: Robert Frederick Townsend
Author: Ajab Amin
Author: 
Author: K. M. Matin
Author: Merlinda D. Ingco