Zimbabwe's Export Performance: The Impact of the Parallel Market and Governance Factors

Author/Editor:

Sònia Muñoz

Publication Date:

January 1, 2006

Electronic Access:

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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 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.

Series:

Working Paper No. 2006/028

Subject:

Exchange rates Export performance Exports Foreign exchange International trade Multiple currency practices Real exchange rates

English

Publication Date:

January 1, 2006

ISBN/ISSN:

9781451862881/1018-5941

Stock No:

WPIEA2006028

Pages:

17

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