Trade liberalization and poverty reduction in Africa: computable general equilibrium models approach. Literature review
Entity
UAM. Departamento de Economía AplicadaPublisher
Academic Research JournalsDate
2014-05Citation
10.14662/IJPSD2014.023
International Journal of Political Science and Development 2.5 (2014): 90-96
ISSN
2360-784XDOI
10.14662/IJPSD2014.023Editor's Version
http://dx.doi.org/10.14662/IJPSD2014.023Subjects
Sub-Saharan Africa; Trade liberalization; General equilibrium models; Poverty reduction; EconomíaRights
© 2014 Academic Research JournalsEsta obra está bajo una licencia de Creative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 Internacional.
Abstract
The link between trade liberalization and poverty reduction has played a crucial role on economic policy
in developing and least developed countries, particularly in sub-Saharan Africa. Academic research
shows a remarkable lack of consensus and no clear effects in the direction of these linkages. This
study presents an overview of the impact of trade liberalization on poverty in Sub-Saharan Africa within
a general equilibrium framework. In order to do that, the links between trade liberalization and poverty
are firstly summarized, reviewing the existent literature. After briefly describing the basic and extended
structure of computable general equilibrium models, the advantages and drawbacks of using this
methodology to analyze the relation between these two variables is shown, including the main findings
from previous literature applied to the particular case of Sub-Saharan countries. Most of the studies
conclude that, while trade liberalization has positive effects on poverty reduction in the long run, it
should be accompanied by structural reforms, industrial and redistribution policies in order to minimize
the expected negative effects in the short-term.
Files in this item
Google Scholar:Mahía Casado, Ramón
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Arce Borda, Rafael de
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Vicente Queijeiro, Saúl de
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