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AbstractMacroeconomic development in Zimbabwe is analyzed in terms of sectoral balance and distributional shifts. The economic performance during the period 1981–88 is evaluated with a five sector CGE model assuming endogenous import rationing. A foreign exchange constraint links the exportables...
AbstractThis paper is an econometric study of the inflationary process in Sierra Leone. Using data for the 1967:1–1987:4 period, the parameters of a reduced-form inflation equation from an openeconomy IS-LM model were estimated for the Sierra Leonean economy. The results reject the monetarist...
AbstractContract farming is characterized by a contract between a farmer and a firm that will process and/or market the farmer's crop. It is a growing phenomenon in Africa; it has been a component of some of the most successful income generating projects for smallholder farmers; it has been a...
AbstractThe transmission channel between monetary instruments and the supply side of the economy via credit financing of working capital needs has been theoretically shown to be a crucial link in the evaluation of the effects of stabilization policies in financially repressed economies. We...
AbstractThis paper analyzes poverty-reducing targeting programmes using a classical real side numerical general equilibrium model for Côte d'lvoire. The model allows us to take into account general equilibrium effects of targeting programmes that could otherwise not be captured, such as relative...
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