Protection and the Own-Funds Window in Tanzania: An Analytical Framework and Estimates of the Effects of Trade Liberalization

Dean DeRosa

No 1991/052, IMF Working Papers from International Monetary Fund

Abstract: This paper presents a simple partial equilibrium framework for considering the economic implications of administered protection in Tanzania, against the background of the country’s parallel exchange market and the establishment of the own-funds and open general license (OGL) facilities for authorizing imports. It also presents estimates of the range of possible adjustment in the real exchange rate and trade flows following from a unification of the highly-fragmented import licensing system, coupled with sufficient liberalization of the OGL facility to eliminate own-funded imports and the incentive to export smuggling.

Keywords: WP; import; exchange rate; export; liberalization; import liberalization program; supply schedule; export supply; OGL imports; import demand; import facility; export smuggling; Real exchange rates; Imports; Exports; Trade liberalization; Exchange rate adjustments; Sub-Saharan Africa; Middle East (search for similar items in EconPapers)
Pages: 28
Date: 1991-05-01
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