The last few years have seen a proliferation of attempts by various institutions to create a framework that would enable analysts to have a broad overview of all transactions in the Malawian economy. A first attempt was made by Lodh and Chulu (1994) to construct a macro accounting framework...

Moral hazard is widely reported as a problem in credit and insurance markets, mainly arising from information asymmetry. Although theorists have attempted to explain the success of Joint Liability Lending (JLL) schemes in mitigating moral hazard, empirical studies are rare. This paper...

Failure to accumulate human capital is one of the pressing problems of developing countries. Lacking human capital formation bears consequences on an economy wide level, since education contributes to labor productivity. We examine the impact of increased school enrollment with regard to...

Trade liberalization in the early 1990s in Bangladesh has enabled the private sector torespond with market-stabilizing inflows of rice and wheat following major productionshortfalls. At the same time, easing of restrictions on foreign investment, combined withsubstantial depreciation of the...

We compare the impact of alternative domestic and global trade liberalization scenarios on fiveeconomies in Southern Africa. The study applies a computable general equilibrium model thatemploys standardised 12-sector social accounting matrices for Malawi, Mozambique, Tanzania,Zambia, and...

This working paper documents the construction of a 1993-94 Social Accounting Matrix(SAM) for Bangladesh. 1 The SAM distinguishes 10 agricultural sectors—including twodifferent kinds of rice technology—and 19 manufacturing sectors, out of 43 sectors intotal. It also differentiates between...

This study quantitatively analyzes the general equilibrium effects of declines in world demand for tobacco products. The study finds that tobacco exports and production in the three developing countries, Malawi, Zimbabwe, and Turkey, would be badly hit if world tobacco prices fall due to the...

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...

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...