IDEAS home Printed from https://ideas.repec.org/p/ilo/ilowps/992349323402676.html

Effects of devaluation on employment and poverty in developing countries

Author

Listed:
  • Ghani E.

Abstract

Working paper, literature survey of economic theories dealing with the effects of devaluation on employment and poverty in developing countries - covers exchange rate trends, income distribution in market economies and planned economies, production, and monetary policy; discusses econometric models; includes a comparative study of stabilization policies. Graphs, references and statistical tables.

Suggested Citation

  • Ghani E., 1984. "Effects of devaluation on employment and poverty in developing countries," ILO Working Papers 992349323402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:992349323402676
    as

    Download full text from publisher

    File URL: http://www.ilo.org/public/libdoc/ilo/1984/84B09_419_engl.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Roberto T. Alemann, 1961. "Monetary Stabilization In Latin America," Journal of Finance, American Finance Association, vol. 16(2), pages 167-175, May.
    2. Sidney S. Alexander, 1951. "Devaluation versus Import Restriction as an Instrument for Improving Foreign Trade Balance," IMF Staff Papers, Palgrave Macmillan, vol. 1(1), pages 379-396, January.
    3. Connolly, Michael & Taylor, Dean, 1976. "Adjustment to devaluation with money and nontraded goods," Journal of International Economics, Elsevier, vol. 6(3), pages 289-298, August.
    4. Dornbusch, Rudiger, 1973. "Currency Depreciation, Hoarding, and Relative Prices," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 893-915, July-Aug..
    5. repec:bla:scandj:v:78:y:1976:i:2:p:200-224 is not listed on IDEAS
    6. J. J. Polak, 1957. "Monetary Analysis of Income Formation and Payments Problems," IMF Staff Papers, Palgrave Macmillan, vol. 6(1), pages 1-50, November.
    7. Krueger, Anne O, 1969. "Balance-of-Payments Theory," Journal of Economic Literature, American Economic Association, vol. 7(1), pages 1-26, March.
    8. F. H. Hahn, 1959. "The Balance of Payments in a Monetary Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 26(2), pages 110-125.
    9. Clark, Peter B, 1970. "Optimum International Reserves and the Speed of Adjustment," Journal of Political Economy, University of Chicago Press, vol. 78(2), pages 356-376, March-Apr.
    10. Russell S. Boyer, 1975. "Commodity Markets and Bond Markets in a Small, Fixed-Exchange-Rate Economy," Canadian Journal of Economics, Canadian Economics Association, vol. 8(1), pages 1-23, February.
    11. Murray C. Kemp, 1970. "The Balance of Payments and the Terms of Trade in Relation to Financial Controls," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 37(1), pages 25-31.
    12. Knight, J B, 1976. "Devaluation and Income Distribution in Less-Developed Economies," Oxford Economic Papers, Oxford University Press, vol. 28(2), pages 208-227, July.
    13. Robert E. Baldwin, 1975. "Appendices to "Foreign Trade Regimes and Economic Development: Philippines"," NBER Chapters, in: Foreign Trade Regimes and Economic Development: The Philippines, pages 157-160, National Bureau of Economic Research, Inc.
    14. Jere H. Behrman, 1976. "Appendices to "Foreign Trade Regimes and Economic Development: Chile"," NBER Chapters, in: Foreign Trade Regimes and Economic Development: Chile, pages 313-390, National Bureau of Economic Research, Inc.
    15. Raveendra N. Batra, 1973. "Gains from Trade," Palgrave Macmillan Books, in: Studies in the Pure Theory of International Trade, chapter 4, pages 81-109, Palgrave Macmillan.
    16. A. J. Brown, 1942. "Trade Balances And Exchange Stability," Oxford Economic Papers, Oxford University Press, vol. 0(1), pages 57-76.
    17. Robert E. Baldwin, 1975. "Foreign Trade Regimes and Economic Development: The Philippines," NBER Books, National Bureau of Economic Research, Inc, number bald75-1, September.
    18. W. M. Corden, 1960. "The Geometric Representation of Policies to Attain Internal and External Balance," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 28(1), pages 1-22.
    19. Muellbauer, John & Portes, Richard, 1978. "Macroeconomic Models with Quantity Rationing," Economic Journal, Royal Economic Society, vol. 88(352), pages 788-821, December.
    20. W. E. G. Salter, 1959. "Internal And External Balance: The Role Op Price And Expenditure Effects," The Economic Record, The Economic Society of Australia, vol. 35(71), pages 226-238, August.
    21. Connolly, Michael & Taylor, Dean, 1976. "Testing the Monetary Approach to Devaluation in Developing Countries," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 849-859, August.
    22. Guitian, Manuel, 1976. "The effects of changes in the exchange rate on output, prices and the balance of payments," Journal of International Economics, Elsevier, vol. 6(1), pages 65-74, February.
    23. Jagdish N. Bhagwati, 1978. "Anatomy of Exchange Control Regimes," NBER Chapters, in: Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes, pages 7-52, National Bureau of Economic Research, Inc.
    24. Sidney S. Alexander, 1952. "Effects of a Devaluation on a Trade Balance," IMF Staff Papers, Palgrave Macmillan, vol. 2(2), pages 263-278, April.
    25. Porter, Richard C. & Ranney, Susan I., 1982. "An eclectic model of recent LDC macroeconomic policy analyses," World Development, Elsevier, vol. 10(9), pages 751-765, September.
    26. Johnson, Harry G, 1975. "The Monetary Approach to Balance-of-Payments Theory: A Diagrammatic Analysis," The Manchester School of Economic & Social Studies, University of Manchester, vol. 43(3), pages 220-274, September.
    27. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    28. Khan, Mohsin S. & Knight, Malcolm D., 1982. "Some theoretical and empirical issues relating to economic stabilization in developing countries," World Development, Elsevier, vol. 10(9), pages 709-730, September.
    29. Jere H. Behrman, 1976. "Foreign Trade Regimes and Economic Development: Chile," NBER Books, National Bureau of Economic Research, Inc, number behr76-1, September.
    30. Kapur, Basant K, 1976. "Alternative Stabilization Policies for Less-developed Economies," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 777-795, August.
    31. Frankena, Mark, 1975. "Devaluation, Recession, and Nontraditional Manufactured Exports from India," Economic Development and Cultural Change, University of Chicago Press, vol. 24(1), pages 109-137, October.
    32. John H. Power, 1959. "Price Expectations, Money Illusion, and the Real-Balance Effect," Journal of Political Economy, University of Chicago Press, vol. 67(2), pages 131-131.
    33. G. C. Archibald & R. G. Lipsey, 1958. "Monetary and Value Theory: A Critique of Lange and Patinkin," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 26(1), pages 1-22.
    34. Anne O. Krueger, 1978. "Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences," NBER Books, National Bureau of Economic Research, Inc, number krue78-1, September.
    35. Krugman, Paul & Taylor, Lance, 1978. "Contractionary effects of devaluation," Journal of International Economics, Elsevier, vol. 8(3), pages 445-456, August.
    36. Ronald W. Jones & W. Max Corden, 1976. "Devaluation, Non-Flexible Prices, and the Trade Balance for a Small Country," Canadian Journal of Economics, Canadian Economics Association, vol. 9(1), pages 150-161, February.
    37. Johnson, Harry G, 1976. "Elasticity, Absorption, Keynesian Multiplier, Keynesian Policy, and Monetary Approaches to Devaluation Theory: A Simple Geometric Exposition," American Economic Review, American Economic Association, vol. 66(3), pages 448-452, June.
    38. Batra, Raveendra N, 1975. "Nontraded Goods, Factor Market Distortions, and the Gains from Trade: Reply," American Economic Review, American Economic Association, vol. 65(1), pages 251-252, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Weeks J., 1991. "Structural adjustment and rural labour markets in Sierra Leone," ILO Working Papers 992810213402676, International Labour Organization.
    2. repec:ilo:ilowps:281021 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ilo:ilowps:234932 is not listed on IDEAS
    2. Phillip Edmund Metaxas & Ernst Juerg Weber, 2016. "An Australian Contribution to International Trade Theory: The Dependent Economy Model," The Economic Record, The Economic Society of Australia, vol. 92(298), pages 464-497, September.
    3. repec:phd:pjdevt:jpd_1990_vol__xvii_no__2-d is not listed on IDEAS
    4. Frenkel, Jacob A. & Mussa, Michael L., 1985. "Asset markets, exchange rates and the balance of payments," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 14, pages 679-747, Elsevier.
    5. Addison T. & Demery L., 1986. "Impact of liberalisation on growth and equity," ILO Working Papers 992500143402676, International Labour Organization.
    6. repec:ilo:ilowps:250014 is not listed on IDEAS
    7. Corbo, Vittorio & Fischer, Stanley, 1995. "Structural adjustment, stabilization and policy reform: Domestic and international finance," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 44, pages 2845-2924, Elsevier.
    8. Donyina-Ameyaw, Samuel, 2004. "A Small Macroeconmetric Model Of Trade And Inflation In Ghana," The Warwick Economics Research Paper Series (TWERPS) 696, University of Warwick, Department of Economics.
    9. Amin Gutierrez de Pineres, Sheila & Ferrantino, Michael, 1997. "Export diversification and structural dynamics in the growth process: The case of Chile," Journal of Development Economics, Elsevier, vol. 52(2), pages 375-391, April.
    10. Mario I. Blejer, 1979. "Devaluation, Inflation, and the Balance of Payments: A Short‐Run Monetary Approach," The Economic Record, The Economic Society of Australia, vol. 55(1), pages 33-40, March.
    11. George Darko & Richard Dusansky & Pankaj Maskara & Nadeem Naqvi, 2006. "The gains from trade in a small monetary economy," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(4), pages 403-430.
    12. Parviz Asheghian & William G. Foote & Reza Saidi, 1991. "Determinants of LDC Devaluation Decisions: An Exploratory Investigation of Devaluation in Brazil," Eastern Economic Journal, Eastern Economic Association, vol. 17(4), pages 491-497, Oct-Dec.
    13. Pierre Jacquemot, 1989. "Rôle du taux de change dans l'ajustement d'une économie à faible revenu. Une revue de la littérature récente," Revue Tiers Monde, Programme National Persée, vol. 30(118), pages 357-402.
    14. Marianne Kurzweil & Kym Anderson & Damiano Sandri & Will Martin & Ernesto Valenzuela, 2008. "Methodology for Measuring Distortions to Agricultural Incentives," World Bank Publications - Reports 28271, The World Bank Group.
    15. Hal Hill & Suiwah Leung & Trevor Wilson, 2010. "The Political Economy of Policy Reform: The Future of Reforms for the Mekong 4?," Chapters, in: Suiwah Leung & Ben Bingham & Matt Davies (ed.), Globalization and Development in the Mekong Economies, chapter 12, Edward Elgar Publishing.
    16. Akira Takayama & Richard K. Anderson, 1978. "Devaluation, Capital Mobility, and Long‐Run Equilibrium," The Economic Record, The Economic Society of Australia, vol. 54(3), pages 354-368, December.
    17. Cunha, Aercio S. & Kyle, Steven, 1989. "Natural Resources, Structural Adjustment, and Sustainable Growth in Sub-Saharan Africa: A Critique of Policy Recommendations," Staff Papers 197578, Cornell University, Department of Applied Economics and Management.
    18. Tarlok Singh, 2007. "Intertemporal Optimizing Models Of Trade And Current Account Balance: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 25-64, February.
    19. -, 1989. "Política macroeconómica y pobreza: estudio del impacto de instrumentos seleccionados de política macroeconómica en el caso de Guatemala," Sede Subregional de la CEPAL en México (Estudios e Investigaciones) 26744, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    20. Suiwah Leung & Ben Bingham & Matt Davies (ed.), 2010. "Globalization and Development in the Mekong Economies," Books, Edward Elgar Publishing, number 13529, August.
    21. Felipe Larrain & Jeffrey Sachs, 1986. "Contractionary Devaluation, and Dynamic Adjustment of Exports and Wages," NBER Working Papers 2078, National Bureau of Economic Research, Inc.
    22. Nunnenkamp, Peter & Schweickert, Rainer, 1990. "Real exchange rates and economic growth in developing countries: Is devaluation contractionary?," Kiel Working Papers 405, Kiel Institute for the World Economy (IfW Kiel).
    23. Hal Hill, 2013. "The Political Economy of Policy Reform: Insights from Southeast Asia," Asian Development Review, MIT Press, vol. 30(1), pages 108-130, March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ilo:ilowps:992349323402676. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vesa Sivunen (email available below). General contact details of provider: https://edirc.repec.org/data/ilounch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.