Persaud, Suresh Chand; Meade, Birgit Gisela Saager - Economic Research Service, Department of Agriculture - 2009
analysis uses Malawi, a country that earns most of its foreign exchange from tobacco, as a case study of export concentration … and heavy exposure to volatility. The econometric results suggest that the decline in Malawi’s gross domestic product (GDP … yield and improvements in marketing efficiency, however, can help buffer Malawi’s GDP from variability in export revenues. …