Data/hora: 10/06/2024 02:16:33

Provedor de dados: | 31
País: | United States
Título: | Trade and Development When Exports Lack Diversification: A Case Study From Malawi
Autores: | Persaud,   Suresh Chand; Meade,   Birgit Gisela Saager.
Data: | 2009-12-22
Ano: | 2009
Palavras-chave: | Malawi; Tobacco; Export-led growth; Asymmetry; Volatility; Productivity; Trade; Development; Marketing efficiency; Price transmission; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Environmental Economics and Policy; Financial Economics; International Relations/Trade; Production Economics.
Resumo: | Developing countries, particularly those that depend heavily on a small number of agricultural exports, are vulnerable to domestic and international shocks. These countries often have difficulty achieving sustained economic growth. This analysis uses Malawi, a country that earns most of its foreign exchange from tobacco, as a case study of export concentration and heavy exposure to volatility. The econometric results suggest that the decline in Malawi’s gross domestic product (GDP) when tobacco exports are falling is almost three times greater than the increase in GDP when exports are rising. Model-based simulations indicate that variability in tobacco exports leads to slower economic growth because GDP falls by a relatively large amount in response to a given decrease in exports, while recovering little during an upswing in exports. Gains in tobacco yield and improvements in marketing efficiency, however, can help buffer Malawi’s GDP from variability in export revenues.
Tipo: | Report
Idioma: | Inglês
Identificador: | http://purl.umn.edu/55943

Relação:

United States Department of Agriculture&gt;Economic Research Service&gt;Economic Research Report

Economic Research Report

Number 77

Formato: | 36