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Shaking out or shaking in: The impact of Zimbabwe’s economic crisis on the country’s manufacturing sector allocative efficiency

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  • Lawrence Edwards
  • Nicholas Masiyandima

Abstract

Zimbabwe had one of the world’s worst economic crises from the late 1990s to 2009. The crisis encompassed a nancial sector crisis, severe adverse investment and demand shocks and idiosyncratic rm and industry interventions by government. On the basis of the resource misallocation hypothesis, the study investigates the effects of the shocks on within industry […]

Suggested Citation

  • Lawrence Edwards & Nicholas Masiyandima, 2018. "Shaking out or shaking in: The impact of Zimbabwe’s economic crisis on the country’s manufacturing sector allocative efficiency," Working Papers 749, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:749
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    More about this item

    Keywords

    Africa; economic growth; Firms and Development; Market Efficiency; productivity; Risk and Uncertainty; Sub-Saharan Africa;
    All these keywords.

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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