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Economic openness, trade restrictions and external shocks: modelling short run effects in Sub-Saharan Africa

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  • Rattso, Jorn
  • Torvik, Ragnar

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  • Rattso, Jorn & Torvik, Ragnar, 1998. "Economic openness, trade restrictions and external shocks: modelling short run effects in Sub-Saharan Africa," Economic Modelling, Elsevier, vol. 15(2), pages 257-286, April.
  • Handle: RePEc:eee:ecmode:v:15:y:1998:i:2:p:257-286
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    References listed on IDEAS

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    1. Dornbusch, Rudiger, 1989. " Real Exchange Rates and Macroeconomics: A Selective Survey," Scandinavian Journal of Economics, Wiley Blackwell, vol. 91(2), pages 401-432.
    2. Balassa, Bela, 1983. "Policy responses to external shocks in sub-Saharan African countries," Journal of Policy Modeling, Elsevier, vol. 5(1), pages 75-105, March.
    3. Rattso, Jorn & Torvik, Ragnar, 1998. "Zimbabwean Trade Liberalisation: Ex Post Evaluation," Cambridge Journal of Economics, Oxford University Press, vol. 22(3), pages 325-346, May.
    4. Rattso, Jorn, 1994. "Medium-run adjustment under import compression: Macroeconomic analysis relevant for sub-Saharan Africa," Journal of Development Economics, Elsevier, vol. 45(1), pages 35-54, October.
    5. Dailami, Mansoor & Walton, Michael, 1989. "Private investment, government policy, and foreign capital in Zimbabwe," Policy Research Working Paper Series 248, The World Bank.
    6. Wheeler, David, 1984. "Sources of stagnation in sub-Saharan Africa," World Development, Elsevier, vol. 12(1), pages 1-23, January.
    7. Jørn Rattsø, 1994. "Devaluation and monetary policy with import compression," Open Economies Review, Springer, vol. 5(2), pages 159-175, March.
    8. Hardouvelis, Gikas A., 1987. "Optimal wage indexation and monetary policy in an economy with imported raw materials," Journal of International Money and Finance, Elsevier, vol. 6(4), pages 419-432, December.
    9. Ragnar Torvik, 1997. "Real exchange rate dynamics and trade liberalization: the case of multiple tariffs and unemployment," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 6(3), pages 329-344.
    10. Morande, Felipe & Schmidt-Hebbel, Klaus, 1991. "Macroeconomics of public sector deficits : the case of Zimbabwe," Policy Research Working Paper Series 688, The World Bank.
    11. Devaragan, Shantayanan & Lewis, Jeffrey D. & Robinson, Sherman, 1990. "Policy lessons from trade-focused, two-sector models," Journal of Policy Modeling, Elsevier, vol. 12(4), pages 625-657.
    12. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
    13. Bevan, D.L. & Collier, P. & Gunning, J.W., 1990. "Temporary Trade Shocks And Dynamic Adjustment," Economics Series Working Papers 9993, University of Oxford, Department of Economics.
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    Cited by:

    1. Stokke, Hildegunn E., 2008. "Resource boom, productivity growth and real exchange rate dynamics -- A dynamic general equilibrium analysis of South Africa," Economic Modelling, Elsevier, vol. 25(1), pages 148-160, January.
    2. Mehlum, Halvor, 2002. "Zimbabwe: Investments, credibility and the dynamics following trade liberalization: on the investment response during trade reform," Economic Modelling, Elsevier, vol. 19(4), pages 565-584, August.
    3. Torvik, Ragnar, 2001. "Learning by doing and the Dutch disease," European Economic Review, Elsevier, vol. 45(2), pages 285-306, February.
    4. Barbara M Roberts & Jeffery I Round, "undated". "Import Demand Specification in Computable General Equilibrium Models of Economies in Transition," Discussion Papers in European Economics 99/4, Department of Economics, University of Leicester.

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