Social accounting matrices and multiplier analysis: an introduction with exercises
In: Food security in practice 5
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In: Food security in practice 5
In: Development economics and policy Vol. 56
The paper introduces and demonstrates different uses of the Arab Spatial Policy Analyzer (ASPA), a new online policy database for the analysis of food and nutrition security in the Middle East and North Africa region. Using the ASPA database, we assess the nature of policy activity throughout the Arab region, specifically during the 2008 global food price crisis and the 2011 social uprisings. The ASPA is a means for identifying broadly those policy areas where governments are active and can help analysts, researchers, and decisionmakers discern what policy actions governments are undertaking to bring about stability and prosperity for their people. The ASPA database draws from a variety of sources: country reports of the Economist Intelligence Unit; datasets of the World Bank Food Price Crisis Observatory, the FAO Food and Agriculture Policy Decision Analysis Tool, and FAOLEX Legal Office; and the Global Agriculture Information Network reports of the US Department of Agriculture's Foreign Agriculture Service. The database has several distinct features when compared to other policy monitoring tools, including a novel policy classification system and policy directions indicating either an increasing or decreasing value for determinate policy instruments—for example, an increase in food subsidies. We find that in times of crisis governments in the Middle East and North Africa region focus on "firefighting" policies that neglect both fiscal prudence and interventions with more impact, such as investments in infrastructure and targeted social protection measures. ; Non-PR ; IFPRI1; CRP2 ; DSGD; PIM ; CGIAR Research Program on Policies, Institutions, and Markets (PIM)
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"Encouraging signs of growth acceleration in Africa may herald a new development era of rapid transformation. In an effort to promote the future success of African transformation, we herein provide an extensive literature review on development economics and empirical observations from successfully transformed countries, along with analytic narratives on the transformations of Thailand and Mexico. To conclude, we derive six key messages for African transformation. We find that the traditional development economics theory is consistent with the transformation practice of successful countries. However, this theory needs to be broadened in light of rising inequalities during transformation. Success vitally depends on agricultural development; early withdrawal of public support away from agriculture slows down transformation, and the resulting inequalities are recognized as a persistent development challenge. Transformation also depends on industrialization strategies, but we find that winner-picking industrialization negatively affects other aspects of development, whereas home-grown, export-oriented industrialization led by private entrepreneurs opens up broader opportunities for sustainable growth. Finally, government support will be required to create a business-promoting environment and to offer incentives for African entrepreneurs to lead growth." --from authors' abstract ; Non-PR ; IFPRI1; GRP32 ; DSGD
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In: World Bank Studies
In: World Bank Study
This book takes both a global as well as a local perspective in assessing the impacts of climate change on the economy, agricultural sector, and households in three of the MENA countries; Syria, Tunisia and Yemen. The major channels of impact for global climate change are through changing world food (and energy) prices, especially since all the countries under analysis are or have become net importers of oil and petroleum products and many food commodities in recent years. The impacts of local climate change decrease crop yields in the longer run and through them, productivity in the agricultu
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 151, S. 1-16
World Affairs Online
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 36, Heft 3, S. 507-523
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 36, Heft 3, S. 507-523
ISSN: 0161-8938
Yemen is currently undergoing a major political transition, yet many economic challenges—including fuel subsidy reform—remain highly relevant. To inform the transition process with respect to a potential subsidy reform, we use a dynamic computable general equilibrium and microsimulation model for Yemen; we show that overall growth effects of subsidy reduction are positive in general, but poverty can increase or decrease depending on reform design. A promising strategy for a successful reform combines fuel subsidy reduction with direct income transfers to the poorest one-third of households during reform, and productivity-enhancing investment in infrastructure, plus fiscal consolidation. Public investments should be used for integrating economic spaces and restructuring of agricultural, industrial and service value chains in order to create a framework that encourages private-sector-led and job-creating growth.
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Foreign inflows are important sources of income that many African governments use to finance public investments and to support the development of manufacturing or export-oriented service sectors. Yet the recent growth experience of many African economies shows that domestic-oriented industry (construction, utilities) and services have become the largest sectors. Using Ghana and its newly found oil as an example, we analyze the dynamic relationship between increasing foreign inflows and economic growth and structural change by developing a multisector intertemporal general equilibrium model. We find that the sudden increase in petrodollars used to finance either the government's recurrent spending or public investment generates a substantial short-run growth shock consistent with the Dutch disease theory. Opposed short-run effects on the growth of the tradable and nontraded sectors lead the structure of the economy to become more domestic oriented. The creation of an oil fund helps reduce the negative growth and structural effect, while in the longer term, if oil spending does not enhance productivity, growth declines and the GDP share of the nontraded sector further increases. Smart use of oil revenue thus not only involves the creation of an oil fund but also spending inflows on productivity-enhancing investment. Whether public investments can help overcome Dutch disease effects also depends on the growth magnitude of the inflows. At the same level of investment-to-productivity-growth efficiency, public investments take longer to overcome the negative growth effects the higher the growth rate of inflows. This paper further shows that the structural effect of foreign inflows on economic development is a long-term challenge for Africa. The domestic-oriented economic structure can become a persistent phenomenon for countries that continue to receive foreign inflows in the form of petrodollars or in any other form. ; Non-PR ; IFPRI1; GRP32 ; DSGD
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Today's resource boom in Africa, driven by Asian economic growth, offers new opportunities for resource-rich African countries. Contrary to the experience of previous booms, however, most mining profits now accrue to foreign companies, leaving little room for governments to use revenues for pro-poor investments or to mitigate adverse distributional impacts. Taking Zambia as a case study, this paper shows that despite privatization, Dutch disease remains a valid concern and may hamper economic diversification, worsen income distribution, and undermine poverty reduction strategies. Mining royalties must, therefore, be increased and used to finance growth-inducing investments that encourage pro-poor economic diversification, else many African countries will remain caught in a resource trap." -- from Author's Abstract ; Non-PR ; IFPRI1; GRP3; Country and regional food, nutrition, and agricultural strategies ; DSGD
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In: The politics of food security: Asian and Middle Eastern strategies, S. 103-119
In: The Politics of Food Security, S. 103-120
Several Sub-Saharan African nations have experienced increased economic growth and political stability in recent years compared with the stagnation and turmoil of previous decades. Ghana is one of the biggest success stories of the region; the nation has enjoyed an annual average of five percent economic growth for the past 20 years and will probably be the first Sub-Saharan African country to achieve the Millennium Development Goal of cutting poverty in half by 2015. ; PR ; IFPRI1; GRP32; GSSP ; DSGD
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PR ; IFPRI3; ISI; CRP2; 4 Transforming Agricultural and Rural Economies; Capacity Strengthening ; DSGD; PIM ; CGIAR Research Program on Policies, Institutions, and Markets (PIM)
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