Employment, poverty and economic development in Madagascar: a macroeconomic framework

Gerald. Epstein, James. Heintz, Léonce. Ndikumana and Grace. Chang

ILO Working Papers from International Labour Organization

Abstract: Argues that the current contributions of the Madagascar financial system to generating investment, employment and incomes in the Madagascar economy is inadequate and suggests policy and structural transformations that can be initiated to greatly improve the macroeconomic context for labour market outcomes. Stresses, especially, the impacts on employment and incomes of improved access to credit by households, and by infrastructure investments in key sectors that can improve domestic linkages in the Madagascar economy. Outlines policies that can be undertaken by the government and central banks, including loan guarantees, direct lending, and asset backed reserve requirements that can make financial assets more directly available to small producers and businesses in key sectors, including agriculture and that can counter some of the negative consequences of real exchange rate appreciation.

Keywords: employment creation; poverty alleviation; financial sector; economic policy; credit policy.; agriculture.; mining; tourism; création d'emploi; lutte contre la pauvreté; secteur financier; politique économique; politique du crédit; agriculture; industrie minière; tourisme; creación de empleos; lucha contra la pobreza; sector financiero; política económica; política crediticia; agricultura; explotación minera; turismo (search for similar items in EconPapers)
Pages: 131 p.. pages
Date: 2010
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Citations: View citations in EconPapers (2)

Published in Employment working paper series

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