 Distributional Effects of Adjustment Policies: Simulations for Archetype Economies in Africa and Latin AmericaFrançois Bourguignon, Jaime de Melo and Akiko Suwa-Eisenmann The World Bank Economic Review, 1991, vol. 5, issue 2, 339-66 Abstract: For developing countries the 1980s was a decade of external shocks whose adverse effects were compounded by domestic macroeconomic imbalances and structural inefficiencies. The performance of developing countries during this decade, however, was not uniform. The effects of terms of trade and interest rate shocks are simulated for two model economies, one representing an average Latin American economy and the other representing an average African economy. In addition to the effects of the shocks, the effects of different adjustment policies are examined. As expected, identical shocks and adjustment packages yield different outcomes for growth, poverty and income distribution in the two economies. The differences in results can be traced to specific features of the models, and, to the extent that the archetypes created are representative of real economies, have implications for adjustment policy prescriptions. Copyright 1991 by Oxford University Press. Date: 1991 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:wbecrv:v:5:y:1991:i:2:p:339-66 Ordering information: This journal article can be ordered from Access Statistics for this article The World Bank Economic Review is currently edited by Eric Edmonds and Nina Pavcnik More articles in The World Bank Economic Review from World Bank Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC. |
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