Zimbabwe's Export Performance: The Impact of the Parallel Market and Governance Factors

Sònia Muñoz

No 2006/028, IMF Working Papers from International Monetary Fund

Abstract: This paper analyzes Zimbabwe's export performance in recent years and identifies the factors that could improve export performance, from both a quantitative and qualitative perspective. Improving export performance is critical to a turnaround in Zimbabwe's economic situation. The growth rate of total exports declined dramatically in the early 2000s, following a large real appreciation of the currency and the introduction of the fast-track land reform program. An important finding of the paper is that policies that reduce (eliminate) the parallel market premium and lower ethnic tensions would be key to promoting export growth.

Keywords: WP; export; exchange rate; export demand equation; Exports; Parallel Market; Governance; Competitiveness; export data; muted export response; export supply; export growth; Real exchange rates; Export performance; Exchange rates; Multiple currency practices; Africa (search for similar items in EconPapers)
Pages: 17
Date: 2006-01-01
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