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Article Banque mondiale (anglais, 2010) : A Comparative Analysis of Agricultural Reforms in Africa, Asia, and Europe

Article Banque mondiale (anglais, 2010) : A Comparative Analysis of Agricultural Reforms in Africa, Asia, and Europe

Thirty years ago, a vast share of low- and middle-income countries was heavily state
controlled. The liberalizations of the 1980s and 1990s had greatly different effects on
growth in countries in Africa, Asia, and Europe. A comparative framework is used to
document these differences, and a model is developed to formally analyze how liberal-
ization affects production and income distribution when the institutions that govern
production and exchange are also affected. Hypotheses are derived for how endogen-
ous institutional adjustments affect the growth response to liberalization. These
insights motivate a series of explanations for the differences in performance across
regions and commodities following liberalization. JEL codes: O13, O43, O57, Q12


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