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Stabilization and structural adjustment in Mozambique: an appraisal

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  • Channing Arndt
  • Henning Tarp Jensen
  • Finn Tarp

Abstract

This paper outlines the complex historical legacy and structural adjustment efforts in Mozambique in addition to reviewing recent economic developments. An in‐depth analysis of new and more reliable national accounts data show that macroeconomic stabilization has occurred through recovery from a suppressed outset. Yet, easy import substitution has now been used up, and structural transformation on the export side remains to be addressed. Moreover, a coherent development strategy geared towards poverty reduction is still to be implemented. The government budget also remains problematic, and aid dependency continues. Accordingly, fundamental development challenges lie ahead. © 2016. The Authors. Journal of International Development published by John Wiley & Sons, Ltd.

Suggested Citation

  • Channing Arndt & Henning Tarp Jensen & Finn Tarp, 2000. "Stabilization and structural adjustment in Mozambique: an appraisal," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(3), pages 299-323, April.
    • Handle: RePEc:wly:jintdv:v:12:y:2000:i:3:p:299-323
    DOI: 10.1002/(sici)1099-1328(200004)12%3A3%3C299%3A%3Aaid-jid653%3E3.0.co%3B2-n
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    1. Carmen M. Reinhart, 1995. "Devaluation, Relative Prices, and International Trade: Evidence from Developing Countries," IMF Staff Papers, Palgrave Macmillan, vol. 42(2), pages 290-312, June.
    2. Finn Tarp, 1990. "Prices in Mozambican agriculture," Journal of International Development, John Wiley & Sons, Ltd., vol. 2(2), pages 172-208, April.
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    Citations

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    Cited by:

    1. Mike Muller & Horacio Zandamela, 2016. "Can integrated infrastructure investment plans contribute to more effective public spending?: The case of Mozambique," WIDER Working Paper Series wp-2016-162, World Institute for Development Economic Research (UNU-WIDER).
    2. C. Arndt & H.T. Jensen & S. Robinson & F. Tarp, 2000. "Marketing Margins and Agricultural Technology in Mozambique," Journal of Development Studies, Taylor & Francis Journals, vol. 37(1), pages 121-137, October.
    3. Penzhorn, Niels & Arndt, Channing, 2002. "Maize Markets In Mozambique: Testing For Market Integration," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 41(2).
    4. Arndt, Channing & Robinson, Sherman & Tarp, Finn, 2002. "Parameter estimation for a computable general equilibrium model: a maximum entropy approach," Economic Modelling, Elsevier, vol. 19(3), pages 375-398, May.
    5. Nin Pratt, Alejandro & Yu, Bingxin, 2008. "An updated look at the recovery of agricultural productivity in Sub-Saharan Africa:," IFPRI discussion papers 787, International Food Policy Research Institute (IFPRI).
    6. Arndt, Channing & Schiller, Rico & Tarp, Finn, 2001. "Grain transport and rural credit in Mozambique: solving the space-time problem," Agricultural Economics, Blackwell, vol. 25(1), pages 59-70, June.
    7. Channing Arndt & Sam Jones & Kristi Mahrt & Vincenzo Salvucci & Finn Tarp, 2016. "A review of consumption poverty estimation for Mozambique," WIDER Working Paper Series wp-2016-35, World Institute for Development Economic Research (UNU-WIDER).
    8. Channing Arndt & Sam Jones & Finn Tarp, 2006. "Aid and Development: The Mozambican Case," Discussion Papers 06-13, University of Copenhagen. Department of Economics.
    9. Desha M. Girod, 2015. "Reducing postconflict coup risk: The low windfall coup-proofing hypothesis," Conflict Management and Peace Science, Peace Science Society (International), vol. 32(2), pages 153-174, April.
    10. Schut, Marc & Slingerland, Maja & Locke, Anna, 2010. "Biofuel developments in Mozambique. Update and analysis of policy, potential and reality," Energy Policy, Elsevier, vol. 38(9), pages 5151-5165, September.
    11. Bjørn Bo Sørensen & Christian Estmann & Enilde Sarmento & John Rand, 2020. "Economic complexity and structural transformation: the case of Mozambique," WIDER Working Paper Series wp-2020-141, World Institute for Development Economic Research (UNU-WIDER).
    12. Mr. Nils O Maehle & Ms. Haimanot Teferra & Armine Khachatryan, 2013. "Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons," IMF Working Papers 2013/032, International Monetary Fund.
    13. Mike Muller & Horacio Zandamela, 2016. "Can integrated infrastructure investment plans contribute to more effective public spending? The case of Mozambique," WIDER Working Paper Series 162, World Institute for Development Economic Research (UNU-WIDER).
    14. Carol Newman & John Rand & Finn Tarp & Nguyen Thi Tue Anh, 2017. "Exporting and Productivity: Learning from Vietnam," Journal of African Economies, Centre for the Study of African Economies, vol. 26(1), pages 1-25.
    15. Yu, Bingxin & Nin Pratt, Alejandro, 2011. "Agricultural Productivity and Policies in Sub-Saharan Africa," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 105400, Agricultural and Applied Economics Association.
    16. Arndt, Channing, 2005. "The Doha Trade Round and Mozambique," Policy Research Working Paper Series 3717, The World Bank.
    17. Arndt, Channing, 2002. "HIV/AIDS, human capital, and economic prospects for Mozambique," TMD discussion papers 88, International Food Policy Research Institute (IFPRI).
    18. Tarp, Finn & Arndt, Channing & Jensen, Henning Tarp & Robinson, Sherman & Heltberg, Rasmus, 2002. "Facing the development challenge in Mozambique: an economywide perspective," Research reports 126, International Food Policy Research Institute (IFPRI).
    19. Channing Arndt & Sam Jones & Kristi Mahrt & Vincenzo Salvucci & Finn Tarp, 2016. "A review of consumption poverty estimation for Mozambique," WIDER Working Paper Series 035, World Institute for Development Economic Research (UNU-WIDER).

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    More about this item

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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