As a result of Zambia's dependence on copper mining, both the falling world copper price and the possible withdrawal of investment from the mining sector might seriously threaten economic growth and stability. Accordingly, the impact of a 20 percent reduction in world copper prices and a...

Zambia's strong dependence on copper exports has suppressed other tradables sectors, indicative of a Dutch disease phenomenon. The current copper crisis will have strong economic effects, possibly reversing such Dutch disease effects. We use a computable general equilibrium model built around a...

"Zambia is one of the poorest countries in Africa. Despite substantial reform during the 1990s, the economy has remained heavily dependent on urban-based mining. Copper's long-standing dominance led to a strong bias against agriculture, which undermined the sector's growth and export potential....

In recent decades, Zimbabwe’s development record has been disappointing. In the last few years, a severe drought and the Covid-19 pandemic have added to the country’s development challenges. This paper is concerned with the long-run need to find a path toward faster growth in GDP,...

Armington and constant-elasticity-of-transformation (CET) functions are routinely used in computable general equilibrium (CGE) Models to model foreign trade. The CET function is applied to producer decisions about whether to export and or sell at home. Decisions by domestic demanders whether to...

Over the past decade, the increasing power and reliability of microcomputers and the development of sophisticated software designed specificallyfor use with them has led to significant changes in the way quantitative food policy analysis is conducted. These changes cover most aspects of...

The Asian financial crisis led to a major devaluation of the Indonesian exchange rate,macro instability, and the need for a “structural adjustment” program. The real devaluation affectsprices throughout the economy and has a major impact on growth, production, deforestation, andincome...

This paper uses a three-step Bayesian cross-entropy estimation approach in an environment of noisy and scarce data to estimate behavioral parameters for a computable general equilibrium model. The estimation also measures how labor-augmenting productivity and other structural parameters in the...

This paper uses a three-step Bayesian cross-entropy estimation approach in an environment of noisy and scarce data to estimate behavioral parameters for a computable general equilibrium model. The estimation also measures how labor-augmenting productivity and other structural parameters in the...