Continued industrialization in China and increase in its agricultural productivity imply that surplus rural workers will to be attracted into non-agricultural production activities and, consequently, will have the opportunity to increase their off-farm income. Studying the structure of the rural...

In this article, we examine the economy-wide effects of three alternative growth paths for Indonesia's industrial sector using SAM (social accounting matrix) multiplier analysis and CGE (computable general equilibrium) modeling. The context of the analysis is the immediate post-crisis period —...

Empirical evidence and microeconomic theory suggest that, in many settings, farm household production and consumption decisions are "non-separable." Non-separability may have important policy implications, including lack of response or threshold effects when incentives change. This paper extends...

After protracted and difficult negotiations, agreement was recently reached on the dimensions of a South African-EU free trade deal. Because of South Africa's prominence in the sub-region, implementation of this agreement will have an impact not only on South Africa, but on all the SADC...

This paper documents the construction of the 1995 Social Accounting Matrix for Zambia (ZAMSAM). The SAM incorporates economy-wide data in a consistent framework and provides the benchmark data for the analysis under the MERRISA project. Data sources include national accounts data, government...

Differences and similarities in the development paths taken by six East Asian economies (Indonesia, Malaysia, Philippines, Thailand, South Korea, and Taiwan) provide a fertile ground for policy analysis from which important lessons are drawn and major challenges identified for the Indochinese...

We introduce a maximum entropy approach to parameter estimation for computable general equilibrium (CGE) models. The approach applies information theory to estimating a system of nonlinear simultaneous equations. It has a number of advantages. First, it imposes all general equilibrium...

This paper has been prepared as part of the Zambia country study of the Macroeconomic and Regional Integration in Southern Africa (MERRISA) project and serves as a background paper for modeling exercises. The paper focuses on analyzing institutional constraints on the development of the...

Changes in real wages are often used to measure welfare changes. There is a problem, however, in interpreting measures of changes in factor returns when analyzing the impact of changes in taxes — such as tariffs and indirect taxes — that operate as wedges in product and factor markets versus...

The 1991 Social Accounting Matrix (SAM) for Zimbabwe that we document in this paper is intended to provide benchmark data for economy-wide analysis under the MERRISA Project. Its construction is based on a three-step process: (1) building a macro SAM that presents the aggregative features of the...