Welfare and sectoral productivity shifts in a small open economy with imported agricultural inputs: the case of sub-saharan Africa

García Cebro, Juan Antonio; Quintela-del-Río, Alejandro; Varela Santamaría, Ramón

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http://hdl.handle.net/2183/36870

Welfare and sectoral productivity shifts in a small open economy with imported agricultural inputs: the case of sub-saharan Africa

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GCebro_Welfare_2023.pdf (1.65 MB)

Identifiers

URI: http://hdl.handle.net/2183/36870

DOI: 10.1007/s10258-022-00218-x

Publication date

2022-08-11

Authors

García Cebro, Juan Antonio

Quintela-del-Río, Alejandro

Varela Santamaría, Ramón

Bibliographic citation

García-Cebro, J.A., Quintela-Del-Río, A. & Varela-Santamaría, R. Welfare and sectoral productivity shifts in a small open economy with imported agricultural inputs: The case of Sub-Saharan Africa. Port Econ J 22, 353–376 (2023). https://doi.org/10.1007/s10258-022-00218-x

Abstract

[Abstract] This paper studies the impact of sectoral productivity growth on welfare in Sub-Saharan Africa. Using the analytical framework of a DSGE model, the main finding is that, for the estimated values of structural parameters, the allocation of scarce resources to the tradable agricultural sector for boosting productivity leads to a greater increase in overall welfare than would be the case if they were allocated to the non-traded goods sector.