This paper examines the impact of the devaluation of the CFA franc in 1994 and of trade and fiscal reforms on enterprise development in Chad and Gabon. These reforms provide a natural experiment to assess the impact of trade liberalisation in countries with a small and backward manufacturing sector. The empirical analysis is based on a new panel data base covering almost the total population of manufacturing firms in Chad and Gabon, and containing data spanning from the year before to two years after t he reforms. The paper finds that although firms’ response to changing incentives was non-negligible, with a shift of output from non tradables to tradables and an increase in productivity, the reform process was unable to generate a virtuous and self-sustained circle, where export expansion brings a generalized productivity increase which in turn feeds on further export growth.

Enterprise response to the devaluation and trade and fiscal reforms in Chad and Gabon / G. Barba Navaretti, R. Faini, B. Gauthier. - Washington : The World bank, 1998.

Enterprise response to the devaluation and trade and fiscal reforms in Chad and Gabon

G. Barba Navaretti
Primo
;
1998

Abstract

This paper examines the impact of the devaluation of the CFA franc in 1994 and of trade and fiscal reforms on enterprise development in Chad and Gabon. These reforms provide a natural experiment to assess the impact of trade liberalisation in countries with a small and backward manufacturing sector. The empirical analysis is based on a new panel data base covering almost the total population of manufacturing firms in Chad and Gabon, and containing data spanning from the year before to two years after t he reforms. The paper finds that although firms’ response to changing incentives was non-negligible, with a shift of output from non tradables to tradables and an increase in productivity, the reform process was unable to generate a virtuous and self-sustained circle, where export expansion brings a generalized productivity increase which in turn feeds on further export growth.
1998
Trade liberalisation ; Enterprise development ; Output ; Productivity ; Export performance
http://www.hec.ca/iea/cahiers/2002/iea0205_bg.pdf
Working Paper
Enterprise response to the devaluation and trade and fiscal reforms in Chad and Gabon / G. Barba Navaretti, R. Faini, B. Gauthier. - Washington : The World bank, 1998.
File in questo prodotto:
Non ci sono file associati a questo prodotto.
Pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/46804
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact