How Do Industrial Enterprises Respond to Policy Reforms? Supply Response in Cameroon

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collection.link.158
https://openknowledge.worldbank.org/handle/10986/9389
collection.name.158
Africa Region Findings & Good Practice Infobriefs
dc.contributor.author
Tybut, J.
dc.contributor.author
Gauthier, B.
dc.contributor.author
Barba-Navaretti, G.
dc.contributor.author
De Melo, J.
dc.date.accessioned
2012-08-13T09:55:01Z
dc.date.available
2012-08-13T09:55:01Z
dc.date.issued
1997-05
dc.description.abstract
Between 1986 and 1993, adverse terms of trade shocks combined with a rigidly pegged nominal exchange rate and various domestic distortions to reduce Cameroon's per capita income by roughly 50 percent. Though major policy reforms were slow to come, the Chartered Financial Analyst (CFA) franc was finally devalued in 1994. A study conducted on more than 200 manufacturing enterprises in Cameroon, before and after devaluation and reforms. The 1994 devaluation of the CFA franc dramatically increased the price of imported intermediate goods. This increase in costs was large enough to substantially reduce profits at some firms, particularly those that were heavily dependent upon imported intermediates. However, at firms using domestic inputs, and especially at firms producing exportable goods, the increase in input costs was more than offset by rising output prices, and profit margins improved. Labor costs rose by roughly the rate of inflation overall, so they went up relative to output prices in non-traded goods sectors, and fell relative to output prices in others.
en
dc.identifier
http://documents.worldbank.org/curated/en/1997/05/12862024/industrial-enterprises-respond-policy-reforms-supply-response-cameroon
dc.identifier.uri
http://hdl.handle.net/10986/9932
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Africa Region Findings & Good Practice Infobriefs; No. 87
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
CREDIBILITY
dc.subject
DEVALUATION
dc.subject
DOMESTIC INVESTORS
dc.subject
EXCHANGE RATE
dc.subject
EXPANSION
dc.subject
EXPORTER
dc.subject
EXPORTERS
dc.subject
EXPORTS
dc.subject
FINANCIAL CONSTRAINTS
dc.subject
FIRMS
dc.subject
INCENTIVE STRUCTURE
dc.subject
INCOME
dc.subject
INDUSTRIAL ENTERPRISES
dc.subject
INFLATION
dc.subject
INSTITUTIONAL ENVIRONMENT
dc.subject
INVESTING
dc.subject
LIBERALIZATION
dc.subject
MANUFACTURING ENTERPRISES
dc.subject
OUTPUT
dc.subject
PER CAPITA INCOME
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PROFIT MARGINS
dc.subject
REAL EXCHANGE RATE
dc.subject
REGULATORY BURDENS
dc.subject
REGULATORY FRAMEWORK
dc.subject
SMALL FIRMS
dc.subject
TAX
dc.subject
TAX COLLECTION
dc.subject
TAX RATES
dc.subject
TAX REGIMES
dc.title
How Do Industrial Enterprises Respond to Policy Reforms? Supply Response in Cameroon
en
dc.title.alternative
Comment les entreprises industrielles repondent-elles aux reformes des politiques - la reponse a l'offre : l'experience du Cameroun
en
okr.crosscuttingsolutionarea
Jobs
okr.date.disclosure
2010-10-14
okr.doctype
Publications & Research :: Brief
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/1997/05/12862024/industrial-enterprises-respond-policy-reforms-supply-response-cameroon
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333038_20101014010007
okr.identifier.internaldocumentum
12862024
okr.identifier.report
57063
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/10/14/000333038_20101014010007/Rendered/PDF/570630BRI0Find10Box353745B01PUBLIC1.pdf
en
okr.region.administrative
Africa
okr.region.country
Cameroon
okr.topic
Finance and Financial Sector Development :: Microfinance
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Economic Theory and Research
okr.topic
Small Scale Enterprise
okr.topic
Industry
okr.topic
Macroeconomics and Economic Growth
okr.unit
Operational Communications (EXTOC)
okr.volume
1 of 1

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