Macroeconomic Policy Reforms and Economic Performance in Malawi 1960-2013

Autores/as

  • Themba Gilbert Chirwa Department of Economics University of South Africa
  • Nicholas M. Odhiambo Department of Economics University of South Africa

DOI:

https://doi.org/10.26754/ojs_ried/ijds.180

Palabras clave:

Malawi, reformas macroeconómicas, crecimiento económico

Resumen

En el artículo se analiza el papel que las políticas gubernamentales y las reformas macroeconómicas han desempeñado sobre el crecimiento económico en Malawi durante el período 1960-2013. En el estudio se identifica un sistema económico regulado por el Estado, que dominó la economía de Malawi, donde los patrones de crecimiento empresarial estuvieron fuertemente influidos por las actividades financiadas por el Estado. En este sentido, se establecen dos razones fundamentales que han llevado a los malos resultados de la economía: el efecto de exclusión del intervencionismo de Estado, que afecta al crecimiento impulsado por el sector privado, y el arbitraje regulatorio que creó el entorno propicio para la búsqueda de rentas. El estudio concluye que las inconsistencias políticas en la implementación de reformas económicas en Malawi han sido fundamentales para influir en los patrones de crecimiento inestable de su economía.

Descargas

Los datos de descargas todavía no están disponibles.

Citas

BASSANINI A, SCARPETTA S, HEMMINGS P. (2001). Economic Growth: The role of policies and institutions. Panel data evidence from OECD countries. Economics Department Working Papers 283.

BIRD G, ROWLAND D (2000). The catalysing Role of Policy-Based Lending by the IMF and the World Bank: Fact or fiction? Journal of International Development Vol. 12, No. 7:951-973.

COLLIER P, GUNNING JW (1999). The IMF’s Role in Structural Adjustment. WPS/99-18 (June).

CORBO V, FISCHER S, WEBB SB (1992). Adjustment Lending Revisited: Policies to restore growth. A World Bank Symposium. The World Bank, Washington D. C. (eds).

EASTERLY W (2005). What did Structural Adjustment Adjust? The association of policies and growth with repeated IMF and World Bank adjustment loans. Journal of Development Economics Vol. 76, No. 1:1-22.

GEBREGZIABHER F (2015). Adjustment and Long-Run Economic Performance in 18 African Countries. Journal of International Development Vol. 27, No. 2:170-196.

GOVERNMENT OF MALAWI (1971). Statement of Development Policies, 1971-1980. Office of the President and Cabinet, Economic Planning Division: Zomba (December).

GOVERNMENT OF MALAWI (1987). Statement of Development Policies, 1987-1996. Office of the President and Cabinet, Economic Planning and Development Department: Lilongwe.

GOVERNMENT OF MALAWI (1998). Vision 2020: The National long-term development perspective for Malawi. National Economic Council: Lilongwe (March).

GOVERNMENT OF MALAWI (2002). Malawi Poverty Reduction Strategy Paper: Final draft. Ministry of Economic Planning and Development: Lilongwe (April).

GOVERNMENT OF MALAWI (2004). Malawi Economic Growth Strategy Volume II: Main Report. Ministry of Economic Planning and Development: Lilongwe (July).

GOVERNMENT OF MALAWI (2006). Malawi Growth and Development Strategy: From poverty to prosperity 2006-2011. Ministry of Finance: Lilongwe (July).

GOVERNMENT OF MALAWI (2012). Malawi Economic Recovery Plan, 2010-2020. Ministry of Economic Planning and Development.

INTERNATIONAL MONETARY FUND (2003). The Annual Review of the Malawi Poverty Reduction Strategy 2002/03. IMF Country Report No. 03/329 (October).

KEYNES JM (1936). The General Theory of Employment, Interest and Money. London: Macmillan.

KINGSTON CS, IRIKANA G, DIENYE V, KINGSTON KG (2011). The Impacts of the World Bank and IMF Structural Adjustment Programmes on Africa: The case study of Cote D’Ivoire, Senegal, Uganda, and Zimbabwe. Sacha Journal of Policy and Strategic Studies Vol. 1, No. 2:110-130.

KYDLAND FE, PRESCOTT EC (1977). Rules Rather Than Discretion: The Inconsistency of Optimal Plans. Journal of Political Economy Vol. 85, No. 3 (June):473-492.

LE GRAND J (1991). The Theory of Government Failure. British Journal of Political Science Vol. 21, No. 4 (October):423-442.

LUCAS RE JR. (1993). Making a Miracle. Econometrica Vol. 61, No. 2 (March):251-272.

RESERVE BANK OF MALAWI (1989). Financial and Economic Review Vol. XXI, No. 2. Blantyre: Blantyre Print and Packaging.

RESERVE BANK OF MALAWI (1999). Financial and Economic Review Vol. XXXI, No. 2. Blantyre: Blantyre Print and Packaging.

RESERVE BANK OF MALAWI (2005). Financial and Economic Review Vol. 37, No. 1. Blantyre: Blantyre Print and Packaging.

RESERVE BANK OF MALAWI (2008). Financial and Economic Review Vol. 40, No. 3. Blantyre: Blantyre Print and Packaging.

RODRIK D (1996). Understanding Economic Policy Reform. Journal of Economic Literature Vol. 34, No. 1:9-41.

SNOWDON B, VANE HR (2005). Modern Macroeconomics: Its origins, development and current state. Edward Elgar, Northampton: Massachusetts.

STIGLITZ JE (2000). The Contribution of the New Economics of Information to Twentieth Century Economics. Quarterly Journal of Economics Vol. 115, No. 4 (November):1441-1478.

WORLD BANK (1966). The Economy of Malawi. Africa Department, September 14, retrieved from http://www.worldbank.org on August 20, 2014.

WORLD BANK (1975). Recent Economic Development Prospects of Malawi. Country Programs Department II, Eastern African Region, January 14, retrieved from http://www.worldbank.org on August 20, 2014.

WORLD BANK (1981a). Malawi Basic Needs. Eastern African Regional Office. May 8, retrieved from http://www.worldbank.org on August 20, 2014.

WORLD BANK (1981b). Malawi: Structural Adjustment Loan to the Republic of Malawi. June 4, retrieved from http://www.worldbank.org on August 20, 2014.

WORLD BANK (1983). Malawi: Second Structural Adjustment Project. November 29, retrieved from http://www.worldbank.org on August 20, 2014.

WORLD BANK (1985). Malawi: Third Structural Adjustment Operation. November 25, retrieved from http://www.worldbank.org on August 20, 2014.

WORLD BANK (1988). Malawi: Industrial and Trade Policy Adjustment Program. May 25, retrieved from http://www.worldbank.org August 20, 2014.

WORLD BANK (1990). Adjustment Lending Policies for Sustainable Growth. Policy and Research Series, Washington D. C., World Bank.

WORLD BANK (1998). Malawi: Second Fiscal Restructuring and Deregulation Program Technical Assistance Project. November 10, retrieved from http://www.worldbank.org on August 20, 2014.

WORLD BANK (2002). Building Institutions for Markets. Oxford: Oxford University Press, retrieved from http://www.worldbank.org October 17, 2014.

WORLD BANK (2015a). Commodity Price Data (Pink Sheet). Retrieved from http://www.worldbank.org on May 5, 2015.

WORLD BANK (2015b). World Development Indicators 2015. Retrieved from http://www.worldbank.org on May 5, 2015.

Descargas

Publicado

05-05-2015

Cómo citar

Chirwa, T. G., & Odhiambo, N. M. (2015). Macroeconomic Policy Reforms and Economic Performance in Malawi 1960-2013. Revista Iberoamericana De Estudios De Desarrollo = Iberoamerican Journal of Development Studies, 5(1), 182–203. https://doi.org/10.26754/ojs_ried/ijds.180

Número

Sección

Tribuna libre