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Macroeconomic Policy Reforms And Agriculture - Towards Equitable Growth In Zimbabwe

This report investigates the income and equity effects of macroeconomic policy reforms in Zimbabwe, emphasizing linkages between macroeconomic policies and agricultural performance and agriculture's influence on aggregate income and its distribution.Analyses focus on reform of the foreign trade regime, public expenditure, and tax policy, along with the potential benefits of combining these structural changes with various land reform scenarios. The study uses a CGE model that provides a policy simulation laboratory in which exogenous policy changes are analyzed for their economywide income and. | Macroeconomic Policy Reforms and Agriculture Towards Equitable Growth in Zimbabwe Romeo M. Bautista Marcelle Thomas Kay Muir-Leresche Hans Lofgren RESEARCH REPORT 128 INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE WASHINGTON D.C. Copyright 2002 International Food Policy Research Institute. All rights reserved. Sections of this book may be reproduced without the express permission of but with acknowledgment to the International Food Policy Research Institute. Printed in the United States of America International Food Policy Research Institute 2033 K Street NW Washington DC 20006-1002 U.S.A. Telephone 1-202-862-5600 www.ifpri.org Library of Congress Cataloging-in-Publication Data Macroeconomic policy reforms and agriculture Towards equitable growth in Zimbabwe Romeo M. Bautista . et al. . p. cm. Research report 128 Includes bibliographical references. ISBN 0-89629-133-2 alk. paper 1. Agriculture and state Zimbabwe. 2. Farm income Zimbabwe. 3. Food supply Government policy Zimbabwe. 4. Nutrition policy Zimbabwe. 5. Zimbabwe Economic policy. 6. Structural adjustment Economic policy Zimbabwe. I. Bautista Romeo M. 1941II. Research report International Food Policy Research Institute 128. HD2131.Z8 M33 2002 338.1 86891-dc21 2002155121 Contents Tables iv Figures vi Foreword vii Acknowledgments ix Summary X 1. Introduction 1 2. Conceptual Framework and Hypotheses 6 3. Economic Performance and Policies Since Independence 12 4. A 1991 Social Accounting Matrix and a Multiplier Analysis for the Economy of Zimbabwe 29 5. A Computable General Equilibrium Model for Zimbabwe 45 6. Effects of Policy Reforms 66 7. Conclusions 73 Appendix A Zimbabwe Micro-SAM Documentation and Data Sources 81 Appendix B 1991 Zimbabwe Micro-SAM 89 Appendix C Coefficient Matrix for the 1991 Zimbabwe Micro-SAM 102 Appendix D Multiplier Matrix for the 1991 Zimbabwe Micro-SAM 115 Appendix E Sensitivity Analysis 128 Acronyms and Abbreviations 131 Bibliography 133 .