In this paper we develop a dynamic real-financial computable general equilibrium (CGE) model for Honduras that incorporates working capital. The model is designed to be useful as a development tool and to be used by policymakers who deal with short-run macro and trade issues. Our model extends...

This paper examines macro-economic developments in Ethiopia between 2004/05 and 2008/09, focusing on the external accounts and the real exchange rate. Simulations using a Computable General Equilibrium (CGE) model of Ethiopia's economy show that, compared to a policy of foreign exchange...

Ethiopia enjoyed remarkable economic growth from 2004/05 to 2008/09, in large part due to increases in foreign transfers and capital inflows combined with expanded domestic credit to fund major increases in private and public investments in infrastructure and housing. However, this rapid growth...

US agricultural economic growth in this century has been characterized by a slow rise in the demand for food and faster growth in farm output as against nonfarm productivity. In such an environment, one expects the size of the farm sector to decline as a share of the rest of the economy. What is...

Rice is a strategic commodity for food security in West Africa. Its consumption has grown rapidly over time as a result of population growth, urbanization, and increasing purchasing power. Dependency on imported rice exposes the region to external shocks stemming from the global market. Given...

In this paper we explore how a value chain framework can inform the design of interventions for achieving improved nutrition. Conceptually, there are three main channels for value chains to improve nutrition: (1) through increased consumption of nutritious foods (a demand side pathway); or (2)...

Rural producer organizations, such as farmers' organizations or rural cooperatives, offer a means for smallholder farmers in developing countries to sell their crops commercially. They hold particular promise for Sub-Saharan Africa, where small-scale farming is the primary livelihood but...

Rapid population growth in many developing countries has raised concerns regarding food security and household welfare. To understand the consequences of population growth on in the general equilibrium setting, we examine the dynamics of population density and its impacts on household outcomes...

The evolution of development policy over time can be characterized as a faltering pursuit of inclusive growth: namely, an integrated program of achieving highest possible rate of growth of the real GDP that doubles per capita income within a short period of time, with an eye on distributive...

Although food security measurement has been substantially expanded in recent decades, there persists significant dissatisfaction with existing measurement systems, especially in the wake of the global food and financial crisis. In this paper we first set out a list of criteria that an ideal food...