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La résilience de l'économie sénégalaise : Quelles politiques publiques en réponses aux chocs exogènes?

Diagne, Youssoupha Sakrya and Thiam, Dame (2020): La résilience de l'économie sénégalaise : Quelles politiques publiques en réponses aux chocs exogènes? Published in: dpee.sn

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Abstract

This paper aims at finding appropriate policies to help maintain long run growth performances in Senegal. Usual shocks faced by the economy include that the economy rain shortfalls, oil and food prices and food, and raw materials prices. The economy is submitted to those adverse conditions using a multisector DSGE. Results show that a 36% decrease in rainfall would require18% additional spending in agriculture. Furthermore, increasing public infrastructures in oil refinery by 83% would helpovercome a 20% oil shock. Results also show a high sensitivity of the economy to changes in raw materials prices. Therefore,the paper recommends export diversification. Finally, a 4% regular increase of primary and secondary sectors’ Total Factor Productivity (TFP) would help reach a structural change of the economy.

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