Zimbabwe's Export Performance: The Impact of the Parallel Market and Governance Factors
January 1, 2006
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Summary
This paper analyzes Zimbabwe's export performance in recent years and identifies the factors that could improve export performance, from both a quantitative and qualitative perspective. Improving export performance is critical to a turnaround in Zimbabwe's economic situation. The growth rate of total exports declined dramatically in the early 2000s, following a large real appreciation of the currency and the introduction of the fast-track land reform program. An important finding of the paper is that policies that reduce (eliminate) the parallel market premium and lower ethnic tensions would be key to promoting export growth.
Subject: Exchange rates, Export performance, Exports, Foreign exchange, International trade, Multiple currency practices, Real exchange rates
Keywords: Africa, Competitiveness, exchange rate, Exchange rates, export, export data, export demand equation, export growth, Export performance, export supply, Exports, Governance, Multiple currency practices, muted export response, Parallel Market, Real exchange rates, WP
Pages:
17
Volume:
2006
DOI:
Issue:
028
Series:
Working Paper No. 2006/028
Stock No:
WPIEA2006028
ISBN:
9781451862881
ISSN:
1018-5941
