Trade reform,infrastructure investment,and structural transformation in Africa: Evidence from Guinea-Bissau |
| |
| Affiliation: | 1. Universidade Jean Piaget de Guinea-Bissau, Guinea-Bissau;2. Laval University, 1245 Rue de la Colline, L''Ancienne-Lorette, QC G2E 3S1, Canada;1. Department of Accounting, Economics and Finance, American College of Greece (Deree), Gravias Street, 6, 15342, Athens, Greece;2. Department of International and European Studies, University of Macedonia, Egnatia 156, 54636, Thessaloniki, Greece;1. Prince Sultan University, Riyadh, Saudi Arabia;2. Jacksonville University, 2800 University Blvd N, Jacksonville, FL 32211, USA;1. School of Finance, Nankai University, China;3. School of Economics, Fujian Normal University, China;4. International Business School, Jinan University, China;1. Department of Business Administration (Islahiye), Gaziantep University, Gaziantep, Turkey;2. Department of Business Administration, Dicle University, Diyarbakır, Turkey;3. School of Business, Lebanese American University, Lebanon;1. Academy of Mathematics and Systems Science, Chinese Academy of Science, China;2. School of Business, University of Wollongong, Australia;3. School of Sociology and Political Science, Shanghai University, China;4. School of Public Economics and Administration, Shanghai University of Finance and Economics, China |
| |
| Abstract: | This study examines the impacts of trade reform and infrastructure investment on structural transformation and poverty alleviation in Guinea-Bissau using a dynamic computable general equilibrium model. We found that partial or complete tariff rate cuts accompanied by a scaling-up infrastructure investment funded by debt only positively impact macro-and micro-outcomes but do not generate structural transformation. Conversely, trade reform and infrastructure investment funded by a mix of debt and tax rates on the firm's income generate structural transformation with labor reallocation from agriculture to non-agricultural sectors. This structural transformation pattern favors the poor and contributes to reducing income inequality over time. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
