Economic structural adjustment programs (ESAP) in Zimbabwe, 1990-2000. Would alternative policies have been more successful?

Makuyana, Nyasha David (2005) Economic structural adjustment programs (ESAP) in Zimbabwe, 1990-2000. Would alternative policies have been more successful? Honours thesis, University of Southern Queensland. (Unpublished)

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Abstract

The main aims of the dissertation are to develop an economic simulation model of the Zimbabwean economy for the 1980-2000 period and to use the model developed to simulate alternative policies to those of the economic structural adjustment program for that period.

The dissertation includes a review of the theoretical framework underlying the economic structural adjustment program in Zimbabwe. Economic structural adjustment programs are discussed in terms of the three main pillars of the 'Washington Consensus': budget, austerity, privatization and liberalization. Problems arising from the consensus are identified.

A brief discussion 9f the Zimbabwean economy is presented. This discussion covers a range of aspects of importance for the dissertation, for example, the Unilateral Declaration of Independence, the nature of the Zimbabwean economy at the time of independence in 1980, reasons for the implementation of a structural adjustment program in 1990.

A simulation model of the Zimbabwean economy is developed using a Keynesiasn, simple macro-economic framework. The model constructed reflects the linkages between the various sectors and assumptions made about the economic relationships. Stella 8 software is used in to develop the
model.

The modeling process has two phases. In phase one the model is tested; in phase two alternative policy settings of an increase in government expenditure and a decrease in the rate of interest are simulated. Results indicate that the alternative policies may have been preferred.


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Item Type: Thesis (Non-Research) (Honours)
Item Status: Live Archive
Additional Information: Bachelor of Business (Honours) thesis.
Faculty/School / Institute/Centre: Historic - Faculty of Business - Department of Economics and Resource Management (Up to 31 March 2007)
Faculty/School / Institute/Centre: Historic - Faculty of Business - Department of Economics and Resource Management (Up to 31 March 2007)
Supervisors: Temple-Smith, Richard; Adkins, Glenda
Date Deposited: 16 Jul 2020 02:54
Last Modified: 16 Jul 2020 02:54
Uncontrolled Keywords: economic simulation model; economics; Zimbabwe
Fields of Research (2008): 14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance
16 Studies in Human Society > 1605 Policy and Administration > 160505 Economic Development Policy
URI: http://eprints.usq.edu.au/id/eprint/39064

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