Price Shocks, Structural Constraints and Policy Reactions in Tanzania and Malawi. A General Equilibrium Analysis
The instability which was recently observed in world commodity prices has raised widespread concerns, especially for its possible consequences on weak economies such as those of the Least Developed Countries and the Low-Income Food-Deficit Countries (LIFDCs). A potential ¿double squeeze¿ may occur in these countries, which are highly dependent on world markets for both staple foods and petroleum. This paper analyses the consequences of the spike in commodity price observed in 2008, and the possible policy responses in two fairly typical Eastern African LIFDCs, Malawi and Tanzania. The objective is threefold: firstly, to highlight weaker linkages in the two economies; secondly, to provide guidance in the identification of effective measures to counteract negative impacts; and, finally, to discuss avenues to make such economies more resilient to external shocks.
CONFORTI Piero;
FERRARI Emanuele;
SARRIS Alexander;
2011-07-21
"Società Italiana di Economia Agraria" (Sidea)
JRC56338
http://ilo.unimol.it/sidea/images/upload/convegno_2010/paper/conforti%20ferrari%20sarris.pdf,
https://publications.jrc.ec.europa.eu/repository/handle/JRC56338,
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