Currency devaluation and resource mobilization in the agricultural sector: Welfare and trade balance implications in Cameroon

On January 12, 1994, Cameroon and 12 other members of the Communaute Financiere Africaine (CFA) zone collectively devalued the CFA franc by 50%. In addition, Cameroon reduced civil service wages, and initiated a set of liberalizing trade reforms. This research has analyzed the impact of the 50% nominal devaluation and trade liberalization on resource mobilization, economic growth, the trade and current accounts, as well as income and welfare distribution in Cameroon. The CGE model of Cameroon used in the current study has been formulated not only to emphasize the relative price changes that take place across sectors in the economy, but also to capture two complementary issues. First a disaggregation of the traditional food and export agriculture sectors allows a distinction between tradeable and nontradeable agricultural commodities and an exploration of how different commodity systems are affected by alternative policies. Second, the formulation provides a framework to examine how micro-level markets in the agricultural sector respond to macro-level changes such as exchange rate and trade policies.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Agricultural and Consumer Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Amegbeto, Koffi Nenonene

Contributors dc:contributor

• Nelson, Charles H.

• Economics, Agricultural
• Economics, Finance

Statement dc:rights

• Copyright 1996 Amegbeto, Koffi Nenonene

Language dc:language

eng

Identifier

9780591087710
AAI9702445
(UMI)AAI9702445

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/23202