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Dévaluation et compétitivité en Côte-d'Ivoire

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  • Akiko Suwa-Eisenmann
  • François Bourguignon
  • Jaime de Melo

Abstract

[eng] Devaluation and competitivity in Côte D'Ivoire. . This paper assesses the short-run effects on competitivity and output of the 100 per cent nominal devaluation of the CFA franc. We estimate with a computable general equili­brium model the degree of the real devaluation under different assumptions concerning elasticities, public expenditures and wage indexation. The effect on output is positive, whatever the value of the elasticities. More significant is the role played by the real wage. However the mid-long run effects remain to be studied. [fre] Cet article examine les effets de court terme de la dévaluation nominale de 100 % du franc CFA sur la compétitivité et l'activité. Nous évaluons à l'aide d'un modèle d'équilibre général, le degré de dévaluation réelle attendu sous différentes hypothèses concernant les élasticités d'offre et de demande et la résistance sala­riale. L'effet sur l'activité est positif. Ce résultat est robuste par rapport aux hypo­thèses d'élasticités de demande. Une variable clé est l'ajustement du salaire réel. Cependant, les enjeux de moyen terme demeurent.

Suggested Citation

  • Akiko Suwa-Eisenmann & François Bourguignon & Jaime de Melo, 1995. "Dévaluation et compétitivité en Côte-d'Ivoire," Revue Économique, Programme National Persée, vol. 46(3), pages 739-749.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1995_num_46_3_409684
    DOI: 10.3406/reco.1995.409684
    Note: DOI:10.3406/reco.1995.409684
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    References listed on IDEAS

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    1. Krugman, Paul & Taylor, Lance, 1978. "Contractionary effects of devaluation," Journal of International Economics, Elsevier, vol. 8(3), pages 445-456, August.
    2. Bruno Coquet & Jean-Marc Daniel, 1992. "Quel avenir pour la zone franc ?," Revue de l'OFCE, Programme National Persée, vol. 41(1), pages 241-291.
    3. Bourguignon, Francois & Branson, William H. & de Melo, Jaime, 1992. "Adjustment and income distribution : A micro-macro model for counterfactual analysis," Journal of Development Economics, Elsevier, vol. 38(1), pages 17-39, January.
    4. J. Saul Lizondo & Peter J. Montiel, 1989. "Contractionary Devaluation in Developing Countries: An Analytical Overview," IMF Staff Papers, Palgrave Macmillan, vol. 36(1), pages 182-227, March.
    5. Sylvie Lambert & Akiko Suwa, 1991. "Un modèle d'équilibre général, appliqué à la Côte-d' Ivoire," Économie et Prévision, Programme National Persée, vol. 97(1), pages 77-89.
    6. Thorvaldur Gylfason & Michael Schmid, 1983. "Does Devaluation Cause Stagflation?," Canadian Journal of Economics, Canadian Economics Association, vol. 16(4), pages 641-654, November.
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    Cited by:

    1. Grimm, Michael & GuEnard, Charlotte & MesplE-Somps, Sandrine, 2002. "What has Happened to the Urban Population in Cote d'Ivoire Since the 1980s? An Analysis of Monetary Poverty and Deprivation Over 15 Years of Household Data," World Development, Elsevier, vol. 30(6), pages 1073-1095, June.

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