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| 2. |
- Bigsten, Arne, 1947, et al.
(författare)
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Globalisation and Structural Adjustment in Africa
- 2004
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Ingår i: Globalization and the Southern African Economies. - Uppsala : Nordiska Afrikainstitutet/The Nordic Africa Institute. - 9171065326 ; , s. 36-58
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 3. |
- Bigsten, Arne, 1947, et al.
(författare)
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Is Globalisation Good for Africa?
- 2002
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- Globalisation or market integration in Sub-Saharan Africa is closely linked to the structural adjustment programmes. In this paper we focus on their dependence on politics and institutional characteristics of the countries concerned. In particular, we argue that one important explanation for the dismal performance of many African countries, in spite of all the measures taken towards market liberalisation, is a lack of willingness or ability on the part of the politicians to respect the restrictions imposed on their behaviour and policy choices by the liberalised markets. The point we make in this paper is that market integration magnifies the effects of policies. We look specifically at the increased exposure to international prices and returns on assets make the economic equilibrium relations, the law of one price (LOP) and uncovered interest parity (UIP), relevant guidelines for economic policy. We illustrate the arguments by presenting the case of Zimbabwe. It is a good example where the lack of respect for the restrictions imposed by international markets has led to an economic crisis with negative growth rates and a process away from globalisation.
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| 4. |
- Bigsten, Arne, 1947, et al.
(författare)
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Kenya´s Development Path and Factor Prices 1964-2000
- 2004
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- This study analyses how changes in factor abundance and trade policy have affected factor prices in Kenya since 1964. First there was a period of capital deepening, but this was reversed from 1982. As a result, there has been a shift of production towards the labour-intensive informal sector. The econometric analysis shows that in the long run factor proportions determined relative factor returns; for instance, an increase in the capital-labour ratio raised the wage-capital rental ratio. We did not find any significant impact of changes in goods prices, due to among other things changes in trade policy, on factor returns.
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| 5. |
- Bigsten, Arne, 1947, et al.
(författare)
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Trade Reform and Wage Inequality in Kenya, 1964 - 2000
- 2004
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- This paper analyses the evolution of wage inequality in Kenya between 1964 and 2000. Our measure of wage inequality is the ratio of wages in manufacturing to wages in agriculture, which can be seen as an indicator of sectoral wage-inequality or as a proxy for skilled to unskilled wages. We find that changes in relative wages have primarily been driven by the degree of openness, while other factors such as the capital-labour ratio, educational attainment, relative labour-productivity, and the ratio between agricultural and manufacturing prices had no significant effect. We conclude that international market integration has reduced wage-inequality in Kenya.
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| 9. |
- Durevall, Dick, 1954
(författare)
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Competition in the Swedish Coffee Market
- 2004
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- It is a widespread belief that multinationals are exploiting their market power in national coffee markets by keeping consumer prices too high and thereby limiting demand for coffee beans. The purpose of this study is to test if this is case in the Swedish market for roasted coffee. In the Swedish market there are a few very large roasting companies and many small ones; a market structure that is typical of many consumer markets for coffee. To analyze the degree of market power, an oligopoly model is estimated using market time series data. The econometric approach is to first test for long-run relationships between the variables with cointegration analysis, and then to estimate a system of equations for demand and pricing behavior. Our major finding is that there is no evidence of market power in the long run, and only some in the short run.
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