IMF Working Papers

Protection and the Own-Funds Window in Tanzania: An Analytical Framework and Estimates of the Effects of Trade Liberalization

By Dean A. DeRosa

May 1, 1991

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Dean A. DeRosa Protection and the Own-Funds Window in Tanzania: An Analytical Framework and Estimates of the Effects of Trade Liberalization, (USA: International Monetary Fund, 1991) accessed September 18, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper presents a simple partial equilibrium framework for considering the economic implications of administered protection in Tanzania, against the background of the country’s parallel exchange market and the establishment of the own-funds and open general license (OGL) facilities for authorizing imports. It also presents estimates of the range of possible adjustment in the real exchange rate and trade flows following from a unification of the highly-fragmented import licensing system, coupled with sufficient liberalization of the OGL facility to eliminate own-funded imports and the incentive to export smuggling.

Subject: Exchange rate adjustments, Exports, Foreign exchange, Imports, International trade, Real exchange rates, Trade liberalization

Keywords: Exchange rate, Exchange rate adjustments, Export, Export smuggling, Export supply, Exports, Import, Import demand, Import facility, Import liberalization program, Imports, Liberalization, Middle East, OGL imports, Real exchange rates, Sub-Saharan Africa, Supply schedule, Trade liberalization, WP

Publication Details

  • Pages:

    28

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1991/052

  • Stock No:

    WPIEA0521991

  • ISBN:

    9781451847154

  • ISSN:

    1018-5941