Author: Asmerom Kidane
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 62
Book Description
Real Exchange Rate Price and Agricultural Supply Response in Ethiopia
Author: Asmerom Kidane
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 62
Book Description
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 62
Book Description
Trade, value chains, and rent distribution with foreign exchange controls: Coffee exports in Ethiopia
Author: Seneshaw Tamru
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 27
Book Description
Exchange rate policies can have important implications on incentives for export agriculture. However, their effects are often not well understood. We study the issue of foreign exchange controls and pricing in the value chain for Ethiopia’s coffee - its most important export crop. Relying on unique pricing and cost data, we find that coffee exporters are willing to incur losses during exporting by offering high prices for coffee locally in order to access scarce foreign exchange. The losses in export markets are then more than recovered in importing, indicating rents - import parity prices are significantly lower than the prices charged for imported goods, so that profits on imports are much higher than the losses incurred in exporting. We further show that the high coffee wholesale prices are transmitted to farmers, so that they benefit from the rents downstream. These results suggest that a better exchange rate alignment to reduce the overvaluation of the local currency in this case would have a lower impact on export crop producer prices than typically is anticipated.
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 27
Book Description
Exchange rate policies can have important implications on incentives for export agriculture. However, their effects are often not well understood. We study the issue of foreign exchange controls and pricing in the value chain for Ethiopia’s coffee - its most important export crop. Relying on unique pricing and cost data, we find that coffee exporters are willing to incur losses during exporting by offering high prices for coffee locally in order to access scarce foreign exchange. The losses in export markets are then more than recovered in importing, indicating rents - import parity prices are significantly lower than the prices charged for imported goods, so that profits on imports are much higher than the losses incurred in exporting. We further show that the high coffee wholesale prices are transmitted to farmers, so that they benefit from the rents downstream. These results suggest that a better exchange rate alignment to reduce the overvaluation of the local currency in this case would have a lower impact on export crop producer prices than typically is anticipated.
The Federal Democratic Republic of Ethiopia
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484338502
Category : Business & Economics
Languages : en
Pages : 79
Book Description
This IMF Staff Report for 2017 Article IV Consultation highlights that Ethiopia has recorded annual average GDP growth of about ten percent in the last decade, driven by public investments in agriculture and infrastructure. The poverty rate has fallen from 44 percent in 2000 to 23.5 percent in 2015/16. In 2016/17 GDP growth is estimated at 9 percent, as agriculture rebounded from severe drought conditions in 2015/16. Industrial activity expanded, with continued investments in infrastructure and manufacturing. The current account deficit declined in 2016/17 to 8.2 percent of GDP. Over the medium term, growth is expected to remain about 8 percent, supported by sustained expansion in exports and investment.
Publisher: International Monetary Fund
ISBN: 1484338502
Category : Business & Economics
Languages : en
Pages : 79
Book Description
This IMF Staff Report for 2017 Article IV Consultation highlights that Ethiopia has recorded annual average GDP growth of about ten percent in the last decade, driven by public investments in agriculture and infrastructure. The poverty rate has fallen from 44 percent in 2000 to 23.5 percent in 2015/16. In 2016/17 GDP growth is estimated at 9 percent, as agriculture rebounded from severe drought conditions in 2015/16. Industrial activity expanded, with continued investments in infrastructure and manufacturing. The current account deficit declined in 2016/17 to 8.2 percent of GDP. Over the medium term, growth is expected to remain about 8 percent, supported by sustained expansion in exports and investment.
Uganda's Equilibrium Real Exchange Rate and Its Implications for Non-traditional Export Performance
Author: Michael Atingi
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 76
Book Description
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 76
Book Description
Dynamic Inter-links Among the Exchange Rate, Price Level, and Terms of Trade in a Managed Floating Exchange Rate System
Author: Vijay K. Bhasin
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 90
Book Description
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 90
Book Description
Exchange Rate Policy and the Parallel Market for Foreign Currency in Burundi
Author: J. D. Nkurunziza
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 66
Book Description
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 66
Book Description
Distortions to Agricultural Incentives
Author: Kym Anderson
Publisher: World Bank Publications
ISBN: 0821376667
Category : Business & Economics
Languages : en
Pages : 682
Book Description
This volume in the 'Distortions to Agricultural Incentives' series focus on distortions to agricultural incentives from a global perspective.
Publisher: World Bank Publications
ISBN: 0821376667
Category : Business & Economics
Languages : en
Pages : 682
Book Description
This volume in the 'Distortions to Agricultural Incentives' series focus on distortions to agricultural incentives from a global perspective.
Financial Liberalization and Its Implications for the Domestic Financial System
Author: L. A. Kasekende
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 68
Book Description
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 68
Book Description
IMF Staff papers
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 145197146X
Category : Business & Economics
Languages : en
Pages : 208
Book Description
This paper explains contribution of the September 1949 devaluations to the solution of Europe’s dollar problem. After the devaluations, the dollar value of exports to the United States from the devaluing countries in Europe recovered from the low levels of the second and third quarters of 1949, but this recovery, which restored exports in the first half of 1950 approximately to the 1948 level should be attributed in large part to the recovery in the US economy rather than to the devaluations. Between the first half of 1949 and the first half of 1950, Europe's dollar imports declined by one-third. Most of this decline occurred, however, between the second and third quarter of 1949, that is, before the devaluations. With imports generally controlled, the effect of the devaluations appeared much more in the reduction of pressure on the control authorities, the substitution of the price mechanism for at least part of the controls as barriers to imports, and the consequent more rational allocation of the relatively scarce dollars among different uses and different users.
Publisher: International Monetary Fund
ISBN: 145197146X
Category : Business & Economics
Languages : en
Pages : 208
Book Description
This paper explains contribution of the September 1949 devaluations to the solution of Europe’s dollar problem. After the devaluations, the dollar value of exports to the United States from the devaluing countries in Europe recovered from the low levels of the second and third quarters of 1949, but this recovery, which restored exports in the first half of 1950 approximately to the 1948 level should be attributed in large part to the recovery in the US economy rather than to the devaluations. Between the first half of 1949 and the first half of 1950, Europe's dollar imports declined by one-third. Most of this decline occurred, however, between the second and third quarter of 1949, that is, before the devaluations. With imports generally controlled, the effect of the devaluations appeared much more in the reduction of pressure on the control authorities, the substitution of the price mechanism for at least part of the controls as barriers to imports, and the consequent more rational allocation of the relatively scarce dollars among different uses and different users.
Policy Reform, Implementation and Outcome in Ethiopia
Author: Gebrehiowot Ageba
Publisher:
ISBN:
Category : Ethiopia
Languages : en
Pages : 386
Book Description
Publisher:
ISBN:
Category : Ethiopia
Languages : en
Pages : 386
Book Description