Currency devaluation and resource mobilization: A computable general-equilibrium analysis of adjustment in Cameroon

N. Koffi Amegbeto, Alex Winter-Nelson

Research output: Contribution to journalArticle

Abstract

Currency devaluations prescribed for many developing countries are usually expected to generate a growthstimulating reallocation of resources in favor of export production. Results from a computable general-equilibrium model of devaluation in Cameroon indicate aggregate growth in export agriculture with decline in some traditional export crops and expansion in specific nontradable food crops. While agriculture and manufacturing expand after devaluation, reduced output from services and construction causes short-term contraction in aggregate output. Positive growth and trade balance effects are dependent on a major reallocation of labor which has been difficult to achieve in Cameroon.

Original languageEnglish (US)
Pages (from-to)94-105
Number of pages12
JournalReview of Development Economics
Volume2
Issue number1
DOIs
StatePublished - Jan 1 1998

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development

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