Côte d’Ivoire

This paper arose out of the desire to review the quantitative relationships between external shocks, economic policies and performance across a sample of developing... Show More + countries, as background to the World Development Report 1984. It reviews two types of existing studies. The first consists of cross-country comparative studies of the shock policy adjustment relationship, the second of eight exercises in quantitative modeling of individual economies. It attempts to infer elements of the relationship from existing exercises using these quantitative analytical tools--no simulations were especially run for this exercise. As a result, the treatment of issues and results is not uniform. Far more could have been extracted from the country studies had it been possible to subject the various models to comparable scenarios. The paper does, however, provide an indication of some important interactions between shocks, policy, and performance (such as the role of the real exchange rate in adjustment) as well as an overview of the various modeling frameworks used in country analyses. Show Less -

The Ivory Coast experienced a series of external shocks in the last seven years which led to a severe deterioration of its financial position and to negative growth... Show More + since 1981. This occurred at a time when the growth potential of the country had declined and the ability of the economy to adjust was limited by distortions in the system of macroeconomic and sectoral incentives. To remedy this situation, the government has undertaken a program of stringent financial recovery and of structural adjustment, articulated around substantial policy reforms. This paper analyzes the short-term effects of various trade and incentive policies that can be envisaged within this program. The analysis is carried out through a series of comparative static experiments done in the framework of a computable general equilibrium model. Simulations are performed to assess the impact of exchange rate adjustments, tariff reform, the introduction of an export subsidy and, finally, removal of quantitative import restrictions. Show Less -

A multilevel programming study of the Ivory Coast's agricultural sector is presented. The Ivorian economy is divided into three sector models: the rural Northern, the... Show More + rural Southern, and the Urban. At the macrolevel is a central model designed to study the allocation of shared resources among these three sectors. The Northern, Southern, and Urban sectors are in turn broken into subsectors. The model is based on dynamic optimization using linear programming techniques. It includes three special features: the incorporation of demand curves; the treatment of labor supply; and the use of multilevel programming. Results of testing the model demonstrate its flexibility of opertion, which can be attributed to the high number of technological constraints and to the introduction of demand curves for products and supply curves for labor. Fourteen tables and seven figures provide the statistical results from the model. Three annexes offer a simplified tableau of the model, composition of the matrix, and background data regarding the Ivory Coast. Show Less -