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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Adjustment and income distribution in an agricultural economy: a general equilibrium analysis of Cameroon
Author:Benjamin, NancyISNI
Periodical:World Development
Geographic term:Cameroon
Subjects:economic policy
income distribution
External link:https://doi.org/10.1016/0305-750X(96)00016-2
Abstract:This paper analyses the implications for income distribution of alternative structural adjustment paths in a low-income, agricultural economy, that of Cameroon. Evaluating the impact of adjustment programmes on income distribution requires a general equilibrium framework for analysis and detailed data on the structure of the economy. For Cameroon these data show the sources of income of different households and the importance of trade and transport services for products produced by the poor. Given these two features, general equilibrium analysis demonstrates the value of lowering the cost of marketing margin services in improving the relative income of the poorest households. This finding has several implications: for adjustment strategy, for investment plans, and for exchange rate policy. App., bibliogr., notes, ref., sum.