La résilience de l'économie sénégalaise: Quelles politiques publiques en réponses aux chocs exogènes?

Resillience of the senegalese economy; What policy responses to exogenous shocks?

Youssoupha Diagne and Dame Thiam

MPRA Paper from University Library of Munich, Germany

Abstract: This paper aims at finding appropriate policies to help maintain long run growth performances in Senegal. Usual shocks faced by the economy include that the economy rain shortfalls, oil and food prices and food, and raw materials prices. The economy is submitted to those adverse conditions using a multisector DSGE. Results show that a 36% decrease in rainfall would require18% additional spending in agriculture. Furthermore, increasing public infrastructures in oil refinery by 83% would helpovercome a 20% oil shock. Results also show a high sensitivity of the economy to changes in raw materials prices. Therefore,the paper recommends export diversification. Finally, a 4% regular increase of primary and secondary sectors’ Total Factor Productivity (TFP) would help reach a structural change of the economy.

Keywords: resilience; DSGE; productivity; rainfall; world price; structural transformation (search for similar items in EconPapers)
JEL-codes: E22 E31 E32 O47 P11 Q25 (search for similar items in EconPapers)
Date: 2020-03-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/114018/1/MPRA_paper_114018.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/114230/1/MPRA_paper_114018.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/114238/8/MPRA_paper_114238.pdf revised version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:114018

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().