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Macroeconomic and agricultural reforms in Zimbabwe

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  • Bautista, Romeo M.
  • Thomas, Marcelle

Abstract

Using a CGE (computable general equilibrium) model for Zimbabwe with 1991 as base period, this paper examines quantitatively the income and equity effects of macroeconomic reform measures in isolation and in conjunction with potentially complementary changes in agricultural sector policies. Some important features of the CGE model are an explicit focus on agriculture, distinction among various rural and urban household groups, and detailed specification of factor markets. Specific aspects of economic policy existing in the pre-reform benchmark year are taken into account in the base model, such as the administered setting of the foreign exchange rate, quantitative import restrictions, and government-determined maize prices for domestic producers and grain millers. The model makes use of a 1991 SAM (social accounting matrix) for Zimbabwe as database.

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Bibliographic Info

Paper provided by International Food Policy Research Institute (IFPRI) in its series TMD discussion papers with number 57.

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Date of creation: 2000
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Handle: RePEc:fpr:tmddps:57

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Keywords: Social accounting Zimbabwe ; mathematical models ; zimbabwe ; TMD ;

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  1. Robinson, Sherman, 1989. "Multisectoral models," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 2, chapter 18, pages 885-947 Elsevier.
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Cited by:
  1. Filipski, Mateusz & Edward Taylor, J. & Msangi, Siwa, 2011. "Effects of Free Trade on Women and Immigrants: CAFTA and the Rural Dominican Republic," World Development, Elsevier, vol. 39(10), pages 1862-1877.
  2. Reid, Hannah & Sahlen, Linda & Stage, Jesper & MacGregor, James, 2007. "The economic impact of climate change in Namibia. How climate change will affect the contribution of Namibia’s natural resources to its economy," Discussion Papers 37922, International Institute for Environment and Development, Environmental Economics Programme.
  3. Poulton, Colin & Davies, Rob & Matshe, Innocent & Urey, Ian, 2002. "A Review Of Zimbabwe’S Agricultural Economic Policies: 1980 –2000," ADU Working Papers 10922, Imperial College at Wye, Department of Agricultural Sciences.

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