Indonesia is the largest palm-oil producing country, covering almost 80 percent of global production. With extensive production capacity, this research seeks to analyze linkages between palm oil and its impact on economy by individual monthly expenditure. To reveal connections, analyzes Dutch Disease phenomenon in Indonesia, which explains how non-tradable sector, industry, affects tradable sec...

This article reviews the empirical evidence on exchange rate pass-through to consumer prices in Australia over the inflation-targeting period. It finds that pass-through is relatively low at the aggregate level but is faster and larger for the prices of manufactured goods, which are often imported. There is some evidence that over the past decade exchange rate movements have been flowing throug...

This article analyses price shifts after currency devaluation in the Ivory Coast using a time-series modelling approach. Model results identify the liberalisation of the import-rice sector as the key factor for the transmission of price effects. Fixation of the imported rice price as a social compensatory measure hindered the adjustment of prices in the first year after the devaluation. As soon...

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

This article argues that trade in services has a specific feature that does not apply to trade in goods. As the traded service is partly produced where it is consumed (i.e. in the importing country), we propose that it must use interactively inputs from both the exporting and importing countries. The modelling of the specificity of traded services is inspired from the O-ring production function...

2004 and by more than 40% since the beginning of 2005.Though the U.S. economy has apparently absorbed this supply shock well so far, the path of future oil prices remains a concern for monetary policymakers. Higher oil prices can damp demand, as consumers and firms spend more of their budgets on oil-related products and less on other goods and services. Furthermore, if higher oil prices are pas...

This study examined the effects of trade liberalization and exchange rate changes on carbohydrate staples in Nigeria. Secondary data published from 1974 to 2006 on cassava exports and rice imports as well as non-tradable carbohydrate staples were used. It was hypothesized that exchange rate changes and trade liberalization via price relatives, trade intensity and nominal protection coefficient ...