Zimbabwe's Export Performance: The Impact of the Parallel Market and Governance Factors

17 Pages Posted: 3 Mar 2006

See all articles by Sònia Muñoz

Sònia Muñoz

London School of Economics & Political Science (LSE); International Monetary Fund (IMF)

Date Written: January 2006

Abstract

This paper analyzes Zimbabwe's export performance in recent years and identifies the factors that could improve export performance, from both a quantitative and qualitative perspective. Improving export performance is critical to a turnaround in Zimbabwe's economic situation. The growth rate of total exports declined dramatically in the early 2000s, following a large real appreciation of the currency and the introduction of the fast-track land reform program. An important finding of the paper is that policies that reduce (eliminate) the parallel market premium and lower ethnic tensions would be key to promoting export growth.

Keywords: Exports, Parallel Market, Governance, Competitiveness

JEL Classification: C33, F12, O17, O24, Q34

Suggested Citation

Munoz, Sonia, Zimbabwe's Export Performance: The Impact of the Parallel Market and Governance Factors (January 2006). IMF Working Paper No. 06/28, Available at SSRN: https://ssrn.com/abstract=888173

Sonia Munoz (Contact Author)

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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