UID:
almafu_9958124932402883
Format:
1 online resource (53 p.)
Edition:
First edition.
ISBN:
9786613872500
,
9781455234844
,
1455234842
,
9781452797830
,
1452797838
,
9781283560054
,
1283560054
,
9781451987157
,
1451987153
Series Statement:
IMF Staff Country Reports
Content:
This Selected Issues paper analyzes Senegal’s real effective exchange rate (REER) and external competitiveness. A REER significantly above its equilibrium, as determined by economic fundamentals, can impede a country’s external competitiveness, calling for corrective macroeconomic measures. This paper finds no conclusive evidence of a REER overvaluation, implying that structural reforms are key to improving Senegal’s external competitiveness. The paper also describes Senegal’s export performance, developments of the REER, and an empirical analysis of the equilibrium REER. Structural measures of competitiveness are also illustrated.
Note:
Description based upon print version of record.
,
Cover; Contents; I. Senegal-Assessment of the REER and External Competitiveness; A. Introduction; B. Senegal's Export Performance; Figures; I.1. Market Shares, 1983-2007; I.2. Export of Goods and Services, 1983-2007; I.3. Export Performance by Product, 1994-2006; C. Developments of the REER; I.4. Export by Products, 1994-2007; I.5. Consumer Price Index-Based REER; I.6. Unit Labor Cost-Based REER; D. Empirical Analysis of the Equilibrium REER; Tables; I.1. FEER Parameter Estimation Results; I.7. Actual Equilibrium REER; I.8. Exchange Rate Deviation Bounds; Boxes
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I.1. Macroeconomic Balance Approach for Low-Income CountriesE. Analysis of Structural Measures of Competitiveness; I.2. Estimation of CA on Fundamentals; I.3. Global Competitiveness Index 2007-08; I.4. Doing Business Indicators: 2007-08 Relative to 2006-07; I.9. Doing Business Indicators, 2007-08; I.5. Social Indicators, 2005; I.10. World Governance Indicators, 2007; F. Policy Implications and Conclusions; I.6. Changes in 2007 World Governance Indicators Relative to 1997; References; II. Policies to Protect the Poor from Rising Energy and Food Prices in Senegal; A. Introduction
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B. The Distributional Impact of Food Price Inflation and Policy Measures TakenII.1. Poverty in Senegal; II.1. Average Budget Shares for Food Items; C. The Distributional Impact of High Energy Prices and Mitigating Policy Measures; II.2. Welfare Gain from Policy Measures; II.1. Price Increases of Selected Energy Products, January 2005-December 2007; II.3. Direct and Indirect Welfare Loss from Energy Price Inflation; II.4. Share of the Benefit from Current Price Policies; D. Short-Term Policy Options; II.2. Direct and Indirect Welfare Loss from Energy Price Inflation
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II.3. Direct Welfare Effect of a 10 Percent Decrease in the Price of RiceE. Longer-Term Policy Options: A Conditional Cash Transfer System; II.4. Possible Target Groups for Social Assistance; II.2. The Targeting of CCTS: Overview of Most Common Methods; II.5. Cost Effectiveness of CCPT and Other Measures; II.5. Proxy Means Household Indicators; II.6 Performance of Proxy-Means Targeting; F. Conclusion; References; III. Fiscal Implications of an Economic Partnership Agreement; A. Introduction; B. Fiscal Aspects of an EPA: an Assessment of Potential Revenue Losses
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III.1. Customs Duties and Total Revenue, 1994-2007III.1. Economic Partnership Agreements-Background; III.2 Customs Duties in Selected SSA Countries; III.1. Customs Duties from EU Imports; III.2. Estimates of the Fiscal Consequences of an EPA for Senegal; III.3. Revenue Losses under Alternative Protection Scenarios; III.2. Five Protection Scenarios; III.4. Average Annual Revenue Loss by Liberalization Scenario, 2010-25; III.3 Average Annual Revenue Loss by Liberalization Scenario, 2010-25; C. The Infant-Industry Argument and Other Aspects of an EPA
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III.4. Required Additional EU Aid to Offset Loans of Customs Duties by Liberalization Scenario, 2010-25
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English
Additional Edition:
ISBN 9781451834093
Additional Edition:
ISBN 1451834098
Language:
English
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