Commodity price shocks and the distribution of income in commodity-dependent least-developed countries

Many least developed countries (LDCs) face commodity dependence on the export and import side. This paper develops a structuralist computable general equilibrium model for commodity-dependent LDCs and simulates global commodity price shocks for Burkina Faso, Ethiopia and Mozambique. Results show imp...

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Bibliographische Detailangaben
Veröffentlicht in:	369 EGFR SIGNALING IMPAIRS THE ANTIVIRAL ACTIVITY OF INTERFERON-ALPHA. - 2013 JPMOD : a social science forum of world issues. - Amsterdam [u.a.]
1. Verfasser:	von Arnim, Rudiger (VerfasserIn)
Weitere Verfasser:	Tröster, Bernhard (BerichterstatterIn), Staritz, Cornelia (BerichterstatterIn), Raza, Werner (BerichterstatterIn)
Format:	Online-Aufsatz
Sprache:	English
Veröffentlicht:	2018transfer abstract
Zugriff auf das übergeordnete Werk:	369 EGFR SIGNALING IMPAIRS THE ANTIVIRAL ACTIVITY OF INTERFERON-ALPHA
Schlagworte:	F41 E12 E27
Umfang:	18

Beschreibung
Zusammenfassung:	Many least developed countries (LDCs) face commodity dependence on the export and import side. This paper develops a structuralist computable general equilibrium model for commodity-dependent LDCs and simulates global commodity price shocks for Burkina Faso, Ethiopia and Mozambique. Results show important macroeconomic and distributional effects. Although increasing export commodity prices are beneficial, the high correlation with import commodity prices causes low or even negative combined effects. The magnitude of effects depends on the degree of import and export dependence, the production structure of the key commodity sectors and policies that determine the distribution of windfall profits. Many least developed countries (LDCs) face commodity dependence on the export and import side. This paper develops a structuralist computable general equilibrium model for commodity-dependent LDCs and simulates global commodity price shocks for Burkina Faso, Ethiopia and Mozambique. Results show important macroeconomic and distributional effects. Although increasing export commodity prices are beneficial, the high correlation with import commodity prices causes low or even negative combined effects. The magnitude of effects depends on the degree of import and export dependence, the production structure of the key commodity sectors and policies that determine the distribution of windfall profits.
Beschreibung:	18
DOI:	10.1016/j.jpolmod.2018.02.008