Two years and more have passed since the outbreak of the East Asian Financial crisis in 1997. Although international economic and financial conditions deteriorated somewhat in the wake of the crisis, the world economy escaped a “global slump.” Using an intertemporal general equilibrium model...

In recent years, the government of Tanzania, like other governments in Africa south of the Sahara, has periodically banned the export of staple crops (maize) in an attempt to ensure the domestic food supply and protect its citizens from international food price hikes. While this policy seems to...

The paper studies services-sector trade liberalization in the Asia-Pacific Economic Co-operation "APEC"; Forum using a global, multicountry, multisector applied general equilibrium model with an imperfectly competitive service sector. Reducing the service sector?s nontariff barriers is modeled...

This paper assesses whether tractor investment is a rational and profitable decision for farmers using firm investment theory and tractor owner survey data collected in 2013. Under erratic rainfalls, timeliness of farming operations is critical for farmers. Based on the hypothesis that owning a...

Africa's recent economic growth is at a historical high, the patterns associated with this growth appear to be quite different from the Asian experiences where rapid growth was fueled by labor intensive, export-oriented manufacturing. Because this pattern differs with our typical view of...

Africa's recent economic growth is at a historical high. The patterns associated with this growth appear to be quite different from the Asian experiences where rapid growth was fueled by labor intensive, export-oriented manufacturing. Because this pattern differs with our typical view of...

Yemen is an oil-exporting and food-importing country with the highest levels of poverty in the Middle East and North Africa. The impacts of the triple crisis are likely to further complicate pre-existing conditions of conflict, oil depletion and governance failure. Using a dynamic CGE model,...