Distributional Effects of Adjustment Policies: Simulations for Archetype Economies in Africa and Latin America
模拟了贸易条件和利率冲击对非洲和拉丁美洲典型经济体的影响，发现相同的冲击和调整政策在增长、贫困和收入分配上产生不同结果，对调整政策制定有启示。
For developing countries the 1980s was a decade of external shocks whose adverse effects were compounded by domestic macroeconomic imbalances and structural inefficiencies. The performance of developing countries during this decade, however, was not uniform. The effects of terms of trade and interest rate shocks are simulated for two model economies, one representing an average Latin American economy and the other representing an average African economy. In addition to the effects of the shocks, the effects of different adjustment policies are examined. As expected, identical shocks and adjustment packages yield different outcomes for growth, poverty, and income distribution in the two economies. The differences in results can be traced to specific features of the models, and, to the extent that the archetypes created are representative of real economies, have implications for adjustment policy prescriptions.