Welfare and sectoral productivity shifts in a small open economy with imported agricultural inputs: The case of Sub-Saharan Africa

Juan Antonio García-Cebro (), Alejandro Quintela-Del-Río () and Ramón Varela-Santamaría ()
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Juan Antonio García-Cebro: University of A Coruña
Alejandro Quintela-Del-Río: University of A Coruña
Ramón Varela-Santamaría: University of A Coruña

Portuguese Economic Journal, 2023, vol. 22, issue 3, No 2, 353-376

Abstract: Abstract This paper studies the impact of sectoral productivity growth on welfare in Sub-Saharan Africa. Using the analytical framework of a DSGE model, the main finding is that, for the estimated values of structural parameters, the allocation of scarce resources to the tradable agricultural sector for boosting productivity leads to a greater increase in overall welfare than would be the case if they were allocated to the non-traded goods sector.

Keywords: NOEM models; Agricultural productivity; Development Economics; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: F41 I31 O13 O55 Q17 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s10258-022-00218-x

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