Welfare and sectoral productivity shifts in a small open economy with imported agricultural inputs: The case of Sub-Saharan Africa |
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Authors: | García-Cebro Juan Antonio Quintela-Del-Río Alejandro Varela-Santamaría Ramón |
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Affiliation: | 1.Department of Economics, University of A Coruña, Coruña, Spain ;2.Department of Mathematics, University of A Coruña, Coruña, Spain ; |
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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. |
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