Economic implications of foreign exchange rationing in Ethiopia

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International Food Policy Research Institute

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This paper examines macro-economic developments in Ethiopia between 2004/05 and 2008/09, focusing on the external accounts and the real exchange rate. Simulations using a Computable General Equilibrium (CGE) model of Ethiopia's economy show that, compared to a policy of foreign exchange rationing, a policy of real exchange rate depreciation and no rationing improves economic efficiency and welfare of all households except those who receive the rents (excess profits) arising from rationing.

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currencies, computable general equilibrium models, prices, economic growth, import controls, agriculture, welfare economics, development policies, globalization, markets

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http://hdl.handle.net/123456789/114262

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https://hdl.handle.net/10568/162063

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)