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Structural adjustment programmes and export supply response

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Author Info

  • Farhad Noorbakhsh

    (Centre for Development Studies, University of Glasgow, Glasgow, UK)

  • Alberto Paloni

    (Centre for Development Studies, University of Glasgow, Glasgow, UK)

Abstract

This paper analyses three aspects of the export supply response to structural adjustment programmes supported by the World Bank. First, have programmes improved programme countries' export performance relative to non-programme countries? Second, have programmes contributed to re-orientation of production and build up of supply capacity? Third, have programmes resulted in greater export diversification? These questions are addressed by employing both traditional and less common techniques in the context of the 'before-after', 'with-without' and an original extended version of the 'modified control group' approaches. The empirical findings in this paper suggest that, although structural adjustment programmes have the expected effects in the short to medium run, they have failed to generate an appropriate supply response which could underpin lasting export expansion and diversification. © 1998 John Wiley & Sons, Ltd.

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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

Volume (Year): 10 (1998)
Issue (Month): 4 ()
Pages: 555-573

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Handle: RePEc:wly:jintdv:v:10:y:1998:i:4:p:555-573

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Web page: http://www3.interscience.wiley.com/journal/5102/home

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References

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  1. J. Saul Lizondo & Peter J. Montiel, 1989. "Contractionary Devaluation in Developing Countries: An Analytical Overview," IMF Staff Papers, Palgrave Macmillan, vol. 36(1), pages 182-227, March.
  2. Conners & Thomas A., 1979. "The apparent effects of recent IMF stabilization programs," International Finance Discussion Papers 135, Board of Governors of the Federal Reserve System (U.S.).
  3. Morris Goldstein & Peter Montiel, 1986. "Evaluating Fund Stabilization Programs with Multicountry Data: Some Methodological Pitfalls (Evaluation des programmes de stabilisation du Fonds à partir de données sur divers pays: quelques éc," IMF Staff Papers, Palgrave Macmillan, vol. 33(2), pages 304-344, June.
  4. Mohsin S. Khan, 1990. "The Macroeconomic Effects of Fund-Supported Adjustment Programs," IMF Staff Papers, Palgrave Macmillan, vol. 37(2), pages 195-231, June.
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Cited by:
  1. Andrew Mold and Annalisa Prizzon, 2010. "Fragile States, Commodity Booms And Export Performance: An Analysis Of The Sub-Saharan African Case," EUI-RSCAS Working Papers 21, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
  2. Farhad Noorbakhsh & Alberto Paloni, 2000. "Evaluating economic liberalization by Mark McGillivary and Oliver Morrissey (eds). (London, Macmillan Press and New York, St. Martin's Press, 1999, pp. x+240)," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(7), pages 1047-1049.
  3. Shiferaw, Admasu, 2007. "Firm Heterogeneity and Market Selection in Sub-Saharan Africa: Does It Spur Industrial Progress?," Economic Development and Cultural Change, University of Chicago Press, vol. 55(2), pages 393-423, January.
  4. Noorbakhsh, Farhad & Paloni, Alberto & Youssef, Ali, 2001. "Human Capital and FDI Inflows to Developing Countries: New Empirical Evidence," World Development, Elsevier, vol. 29(9), pages 1593-1610, September.
  5. Farhad Noorbakhsh & Alberto Paloni, 2007. "Learning from structural adjustment: why selectivity may not be the key to successful programmes in Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(7), pages 927-948.

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