Macroeconomic and Structural Adjustment Policies in Zimbabwe

1. Front Matter

   Pages i-xxi

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2. Introduction and Overview

   1. Front Matter

      Pages 1-1

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   2. Macroeconomic and Adjustment Policies in Zimbabwe (1980–2000): an Introduction and Overview

      • Clever Mumbengegwi, Ramos Mabugu

      Pages 3-20

3. Macroeconomic Policy and Performance

   1. Front Matter

      Pages 21-21

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   2. Macroeconomic Performance under the Economic Structural Adjustment Program: an Essay on Iatrogenic Effects

      • Peter Robinson

      Pages 23-52

   3. Redistributive Policies and Economic Growth

      • Mudziviri T. Nziramasanga, Minsoo Lee

      Pages 53-70

   4. Inflation During Structural Adjustment

      • Dick Durevall, Phineas Kadenge

      Pages 71-90

   5. Labor Market Policies and Outcomes

      • John Knight

      Pages 91-109

4. Financial Liberalization, Monetary Policy and Currency Crisis

   1. Front Matter

      Pages 111-111

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   2. Financial Liberalization and the Adoption of Indirect Instruments of Monetary Policy

      • Obert Nyawata, Clever Mumbengegwi

      Pages 113-144

   3. From Liberalization to Financial Crisis

      • Chandima Menais

      Pages 145-163

   4. The Crisis in Asia: Are There Lessons for Zimbabwe?

      • James Gordon

      Pages 164-177

5. Trade Liberalization: CGE Analyses

   1. Front Matter

      Pages 179-179

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   2. Macroeconomic Imbalances and Adjustment Reforms: a CGE Model Simulation

      • Ramos E. Mabugu

      Pages 181-194

   3. Trade Liberalization and Investment Response in Zimbabwe

      • Halvor Mehlum, Jørn Rattsø, Ragnar Torvik

      Pages 195-220

   4. The Income Distribution Effects of Trade Liberalization: A Computable General Equilibrium Analysis

      • Margaret Chitiga-Mabugu

      Pages 221-233

6. Sectoral Perspectives

   1. Front Matter

      Pages 235-235

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   2. Macroeconomic Policies and Agricultural Performance

      • Clever Mumbengegwi

      Pages 237-264

   3. Macroeconomic Policies and the Manufacturing Sector

      • Hans Bjurek, Dick Durevall, Daniel Ndlela

      Pages 265-283

   4. Macroeconomic Policies and the Health Sector

      • Gladys Mutangadura

      Pages 284-300

The policy relevant analysis of this volume examines nearly twenty years of Zimbabwe's macroeconomic and structural adjustment experiences since independence. Part One analyses the impact on economic growth, inflation, employment and labour markets. Part Two deals with financial liberalization, and the financial turmoil and currency crisis experienced in the wake of reforms. Part Three examines trade liberalization and its impact on investment and income distribution. Part Four gives sectoral perspectives on the agricultural, manufacturing and health sectors.

• economic growth
• economic policy
• employment
• growth
• income distribution
• Inflation
• labor market
• macroeconomics
• monetary policy
• Policy
• reforms
• sustainability

• Department of Economics, University of Zimbabwe, Zimbabwe

  Clever Mumbengegwi

HANS BJUREK Senior Lecturer, Department of Economics, Goteborg University, Sweden MARGARET CHITIGA-MABUGU Lecturer, Department of Economics, University of Zimbabwe DICK DUREVALL Assistant Professor, Department of Economics, Goteborg University, Sweden JAMES GORDON Deputy Division Chief, Asia and Pacific Department at the IMF PHINEAS KADENGE Lecturer, Department of Economics, University of Zimbabwe JOHN KNIGHT Professor of Economics, Centre for the Study of African Economies, University of Oxford RAMOS MABUGU Lecturer, Department of Economics, University of Zimbabwe HALVOR MEHLUM Researcher, Frisch Centre of Economic Research, University of Oslo CHANDIMA MENDIS Economist, University of Oxford GLADYS MUTANGADURA Formerly Lecturer, University of Zimbabwe DANIEL B. NDLELA OBERT NYAWATA Zimbabwean Economist, International Monetary Fund MUDZIVIRI NZIRAMASANGA Associate Professor of Economics, Washington State University JØRN RATTSØ Professor of Economics, Norwegian University of Science and Technology PETER ROBINSON Economic Consultant, Zimbabwe RAGNAR TORVIK Associate Professor, Department of Economics, Norwegian University of Science and Technology LEE MIN SOO Assistant Professor, Economics Department, Washington State University

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