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Employment, poverty and economic development in Madagascar : a macroeconomic framework

Author

Listed:
  • Epstein, Gerald.
  • Heintz, James.
  • Ndikumana, Léonce.
  • Chang, Grace.

Abstract

Argues that the current contributions of the Madagascar financial system to generating investment, employment and incomes in the Madagascar economy is inadequate and suggests policy and structural transformations that can be initiated to greatly improve the macroeconomic context for labour market outcomes. Stresses, especially, the impacts on employment and incomes of improved access to credit by households, and by infrastructure investments in key sectors that can improve domestic linkages in the Madagascar economy. Outlines policies that can be undertaken by the government and central banks, including loan guarantees, direct lending, and asset backed reserve requirements that can make financial assets more directly available to small producers and businesses in key sectors, including agriculture and that can counter some of the negative consequences of real exchange rate appreciation.

Suggested Citation

  • Epstein, Gerald. & Heintz, James. & Ndikumana, Léonce. & Chang, Grace., 2010. "Employment, poverty and economic development in Madagascar : a macroeconomic framework," ILO Working Papers 994554463402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994554463402676
    as

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    File URL: http://www.ilo.org/public/libdoc/ilo/2010/110B09_130_engl.pdf
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    References listed on IDEAS

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    13. James Heintz & Robert Pollin, 2008. "Targeting Employment Expansion, Economic Growth and Development in Sub-Saharan Africa: Outlines of an Alternative Economic Programme for the Region," Published Studies targeting_employment_expa, Political Economy Research Institute, University of Massachusetts at Amherst.
    14. International Monetary Fund, 2005. "Republic of Azerbaijan: Ex Post Assessment of Longer-Term Program Engagement," IMF Staff Country Reports 2005/259, International Monetary Fund.
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    Cited by:

    1. Cornelia Staritz & Mike Morris, 2013. "Local embeddedness and economic and social upgrading in Madagascar’s export apparel industry," Global Development Institute Working Paper Series ctg-2013-21, GDI, The University of Manchester.

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