Trade Shocks in Developing Countries: Africa (1) - Couverture rigide

Collier, Paul; Gunning, Jan; Associates

 
9780198293385: Trade Shocks in Developing Countries: Africa (1)
Couverture rigide
ISBN 10 : 0198293380 ISBN 13 : 9780198293385
Editeur : Oxford University Press, 1999

Synopsis

Developing countries frequently experience trade shocks and the policy implications of this have been debated for decades.This important book is Volume 1 of a comparative study covering 23 countries, using a common methodology to estimate the effects of shocks. The conventional wisdom has been that private agents, in particular peasant farmers, could not be trusted to use windfalls wisely. This was, and continues to be, the main rationale for stabilising taxation of export crops. The convention was also that windfalls accruing to the public sector were a bane since governments had low savings rates. The evidence in this definitive study supports neither generalisation. Trade shocks typically lead to high savings rates, irrespective of whether they accrue to private producers or to the government. However, the case studies find substantial policy errors so that windfalls are often not translated efficiently into permanent income increases and indeed often lead to a reduction in output. The studies argue for a drastic revision of the case for government action in response to trade shocks.

Volume 1 deals with Africa, Volume 2 with Asia and Latin America.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Developing countries frequently experience trade shocks and the policy implications of this have been debated for decades.This important book is Volume 1 of a comparative study covering 23 countries, using a common methodology to estimate the effects of shocks. The conventional wisdom has been that private agents, in particular peasant farmers, could not be trusted to use windfalls wisely. This was, and continues to be, the main rationale for stabilising taxation of export crops. The convention was also that windfalls accruing to the public sector were a bane since governments had low savings rates. The evidence in this definitive study supports neither generalisation. Trade shocks typically lead to high savings rates, irrespective of whether they accrue to private producers or to the government. However, the case studies find substantial policy errors so that windfalls are often not translated efficiently into permanent income increases and indeed often lead to a reduction in output. The studies argue for a drastic revision of the case for government action in response to trade shocks. Volume 1 deals with Africa, Volume 2 with Asia and Latin America.

Revue de presse

This is a work that should be read by those working on the macroeconomics of developing countries, whether as researchers or policy analysts (Journal of International Development)

The absence of formality makes the book accessible to the non-specialist. However, this surface accessibility masks highly sophisticated reasoning and the application of complicated empirical accounting exercises (Journal of International Development)

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Oxford University Press
Date d'édition
1999
Langue
anglais
ISBN 10 
0198293380
ISBN 13 
9780198293385
Reliure
Relié
Nombre de pages
502
Coordonnées du fabricant
Buchpark GmbH
https://www.buchpark.de

Krügerweg 1
Trebbin
Brandenburg
14959
Allemagne