Dévaluation et compétitivité en Côte-d'Ivoire
Abstract[eng] Devaluation and competitivity in CÃ´te D'Ivoire. . This paper assesses the short-run effects on competitivity and output of the 100 per cent nominal devaluation of the CFA franc. We estimate with a computable general equiliÂbrium model the degree of the real devaluation under different assumptions concerning elasticities, public expenditures and wage indexation. The effect on output is positive, whatever the value of the elasticities. More significant is the role played by the real wage. However the mid-long run effects remain to be studied. [fre] Cet article examine les effets de court terme de la dÃ©valuation nominale de 100 % du franc CFA sur la compÃ©titivitÃ© et l'activitÃ©. Nous Ã©valuons Ã l'aide d'un modÃ¨le d'Ã©quilibre gÃ©nÃ©ral, le degrÃ© de dÃ©valuation rÃ©elle attendu sous diffÃ©rentes hypothÃ¨ses concernant les Ã©lasticitÃ©s d'offre et de demande et la rÃ©sistance salaÂriale. L'effet sur l'activitÃ© est positif. Ce rÃ©sultat est robuste par rapport aux hypoÂthÃ¨ses d'Ã©lasticitÃ©s de demande. Une variable clÃ© est l'ajustement du salaire rÃ©el. Cependant, les enjeux de moyen terme demeurent.
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): n° 46 (1995)
Issue (Month): 3 ()
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Web page: http://www.cairn.info/revue-economique.htm
Other versions of this item:
- Bourguignon, F. & De Melo, J. & Suwa-Eisenmann, A., 1995. "Devaluation et Competitivite e Cote D'Ivoire," Research Papers by the Institute of Economics and Econometrics, Geneva School of Economics and Management, University of Geneva 95.10, Institut d'Economie et Econométrie, Université de Genève.
- Bourguignon, F. & de Melo, J. & Suwa-Eisenmann, A., 1994. "Dévaluation et compétitivité en Côte d'Ivoire," DELTA Working Papers 94-22, DELTA (Ecole normale supérieure).
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