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Distribution of Export Price Risk in a Developing Country


  • Bourguignon, François
  • Lambert, Sylvie
  • Suwa Eisenmann, Akiko


We address the issue of social distribution of an aggregate risk (on agricultural export price), from a macroeconomic perspective. Individual incomes in representative social groups are computed as a function of export prices, which are assumed to be stochastic, using an applied general equilibrium model of an archetype developing economy. The statistical properties of the resulting distribution of individual incomes are then examined. We consider a mapping of different policies on agricultural prices (stabilization or complete pass-through), monetary rules (accommodating or not) and exchange rate regimes (fixed versus flexible).

Suggested Citation

  • Bourguignon, François & Lambert, Sylvie & Suwa Eisenmann, Akiko, 1996. "Distribution of Export Price Risk in a Developing Country," CEPR Discussion Papers 1482, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1482

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    References listed on IDEAS

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    Cited by:

    1. Dani Rodrik, 1997. "What Drives Public Employment?," NBER Working Papers 6141, National Bureau of Economic Research, Inc.

    More about this item


    Computable General Equilibrium Models; Distribution of Risk; International Trade;

    JEL classification:

    • D39 - Microeconomics - - Distribution - - - Other
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development


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