Trade and Development When Exports Lack Diversification: A Case Study from Malawi : Ed.: Economic Research Service (ERS), United States Department of Agriculture (USDA)

Language: English

Published by Bibliogov, 2012

1249315794 / 9781249315797

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Neuware - Developing countries, particularly those that depend heavily on a small number of agricultural exports, are vulnerable to domestic and international shocks. These countries often have difficulty achieving sustained economic growth. This 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) when tobacco exports are falling is almost three times greater than the increase in GDP when exports are rising. Model based simulations indicate that variability in tobacco exports leads to slower economic growth because GDP falls by a relatively large amount in response to a given decrease in exports, while recovering little during an upswing in exports. Gains in tobacco yield and improvements in marketing efficiency, however, can help buffer Malawi s GDP from variability in export revenues.

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Title
Trade and Development When Exports Lack Diversification: A Case Study from Malawi : Ed.: Economic Research Service (ERS), United States Department of Agriculture (USDA)
Author
Suresh Persaud
Publisher
Bibliogov
Publication year
2012
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
1249315794
ISBN 13
9781249315797
Item weight
105 grams
Dimensions
246x189x2 mm

AHA-BUCH GmbH

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