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Senegal: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper analyzes Senegal’s real effective exchange rate (REER) and external competitiveness. A REER significantly above its equilibrium, as determined by economic fundamentals, can impede a country’s external competitiveness, calling for corrective macroeconomic measures. This paper finds no conclusive evidence of a REER overvaluation, implying that structural reforms are key to improving Senegal’s external competitiveness. The paper also describes Senegal’s export performance, developments of the REER, and an empirical analysis of the equilibrium REER. Structural measures of competitiveness are also illustrated.

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  • International Monetary Fund, 2008. "Senegal: Selected Issues," IMF Staff Country Reports 2008/221, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/221
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    References listed on IDEAS

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    1. Lionel Fontagné & David Laborde & Cristina Mitaritonna, 2008. "An Impact Study of the EU-ACP Economic Partnership Agreements (EPAs) in the Six ACP Regions," Working Papers 2008-04, CEPII research center.
    2. Fontagne, Lionel & Laborde, David & Mitaritonna, Cristina, 2008. "An Impact Study of the Economic Partnership Agreements (EPAs) in the Six ACP Regions," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44194, European Association of Agricultural Economists.
    3. Segura-Ubiergo,Alex, 2012. "The Political Economy of the Welfare State in Latin America," Cambridge Books, Cambridge University Press, number 9781107410664.
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    Cited by:

    1. Mr. Alexei P Kireyev, 2013. "Inclusive Growth and Inequality in Senegal," IMF Working Papers 2013/215, International Monetary Fund.
    2. Fatma El-Hamidi, 2016. "Energy Subsidy Reform in Egypt: The Gender – “Energy” Poverty Nexus," Working Papers 1055, Economic Research Forum, revised 10 2016.
    3. Danielle Resnick, 2013. "Personalistic Policy-Making in a Vibrant Democracy: Senegal's Fragmented Response to the 2007/08 Food price Crisis," WIDER Working Paper Series wp-2013-015, World Institute for Development Economic Research (UNU-WIDER).
    4. International Monetary Fund, 2008. "The Gambia: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2008/325, International Monetary Fund.
    5. Resnick, Danielle, 2013. "Personalistic Policy-Making in a Vibrant Democracy: Senegal's Fragmented Response to the 2007/08 Food price Crisis," WIDER Working Paper Series 015, World Institute for Development Economic Research (UNU-WIDER).

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