A number of recent studies have shown that the short term level of economic activity and employment in primary commodity exporting countries is particularly vulnerable to price fluctuations in world commodity markets. The authorities in such countries, in seeking to maintain output and...

Computable general equilibrium models are used to study the short-run impact of fluctuating primary commodity prices on the economies of Colombia, Ivory Coast and Kenya. The results indicate that these economies are destabilized by primary commodity price fluctuations unless governments act to...

The large OPEC-engineered real world oil price increases of the early and late 1970?s have set in train, via a highly integrated international trade and finance system, significant resource transfers from energy-poor to energy-rich countries. In accommodating these resource transfers both energy...

The vagaries of nature and of world grain markets, causing domestic food production and food import prices to fluctuate, are commonly considered the major external sources of food insecurity in developing countries. The need for steady domestic food production, and for stable world grain prices...

This paper analyses, using a comparative-static general equilibrium model built along neoclassical lines, a range of devaluation, monetary and wage policy mixes for the Chilean economy. By quantifying the short-run implications of each policy mix for key economic variables at the macroeconomic...

A feature of the economies of many less developed countries (LDC's) is their heavy reliance for foreign exchange earnings on a few export commodities whose markets are characterised by low income elasticities on the demand side and whose supply is continually expanding under the influence of...

The OPEC Cartel's spectacular success in raising real world oil prices over the past decade has brought about substantial net resource transfers from energy poor to energy rich countries within the world economy. In accomodating these resource transfers both energy exporting and importing...

In der Bundesrepublik Deutschland werden weit mehr Subventionen vergeben, als die offizielle Berichterstattung erkennen läßt. Sie haben im Jahr 1985 eine Höhe von rund 120 Mrd. DM erreicht und sich damit in den vergangenen zehn Jahren verdoppelt. Trotz aller Bekenntnisse zum Abbau haben die...