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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.

Suggested Citation

  • Bautista, Romeo M. & Thomas, Marcelle, 2000. "Macroeconomic and agricultural reforms in Zimbabwe," TMD discussion papers 57, International Food Policy Research Institute (IFPRI).
  • Handle: RePEc:fpr:tmddps:57
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    File URL: http://www.ifpri.org/sites/default/files/publications/tmdp57.pdf
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    References listed on IDEAS

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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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    2. 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.
    3. Peter Wehrheim & Peter Wobst, 2005. "The economic role of Russia's subsistence agriculture in the transition process," Agricultural Economics, International Association of Agricultural Economists, vol. 33(1), pages 91-105, July.
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    5. Scott Bradford & Alexandre Gohin, 2006. "Modeling Distribution Services and Assessing Their Welfare Effects in a General Equilibrium Framework," Review of Development Economics, Wiley Blackwell, vol. 10(1), pages 87-102, February.

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