External shocks, exchange rate adjustments, and income distribution in Egypt
This study examines the complex dynamics of the Egyptian economy in response to external shocks and currency devaluation. Applying a SAM-based CGE model, the research focuses on the economic linkages between production sectors, households, government and the rest of the world, on resource competitio...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
2024
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| Online Access: | https://hdl.handle.net/10568/159849 |
| _version_ | 1855522088043937792 |
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| author | Raouf, Mariam Ghaly, Sherine Boshra Wiebelt, Manfred Elhamalawy, Fatma |
| author_browse | Elhamalawy, Fatma Ghaly, Sherine Boshra Raouf, Mariam Wiebelt, Manfred |
| author_facet | Raouf, Mariam Ghaly, Sherine Boshra Wiebelt, Manfred Elhamalawy, Fatma |
| author_sort | Raouf, Mariam |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study examines the complex dynamics of the Egyptian economy in response to external shocks and currency devaluation. Applying a SAM-based CGE model, the research focuses on the economic linkages between production sectors, households, government and the rest of the world, on resource competition on markets for production factors and goods, and on macroeconomic constraints in the government budget, savings and investment, and foreign exchange revenues. Key findings reveal the substantial impact of differential domestic inflation (45%) and the challenges posed by limited foreign exchange inflows (32%) and eroded export competitiveness (19%). External shocks, including the COVID-19 pandemic and geopolitical events, yield nuanced impacts on GDP, employment, household consumption, and inequality. Sectoral analyses highlight varied effects on export-oriented and non-tradable industries. As Egypt grapples with global challenges, the study emphasizes the need for targeted policies balancing export competitiveness, foreign savings, and domestic stability. The findings contribute practical insights for policymakers navigating the complexities of a dynamic global economy. |
| format | Journal Article |
| id | CGSpace159849 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| record_format | dspace |
| spelling | CGSpace1598492025-10-26T12:52:09Z External shocks, exchange rate adjustments, and income distribution in Egypt Raouf, Mariam Ghaly, Sherine Boshra Wiebelt, Manfred Elhamalawy, Fatma computable general equilibrium models economic shock exchange rate income distribution macroeconomics This study examines the complex dynamics of the Egyptian economy in response to external shocks and currency devaluation. Applying a SAM-based CGE model, the research focuses on the economic linkages between production sectors, households, government and the rest of the world, on resource competition on markets for production factors and goods, and on macroeconomic constraints in the government budget, savings and investment, and foreign exchange revenues. Key findings reveal the substantial impact of differential domestic inflation (45%) and the challenges posed by limited foreign exchange inflows (32%) and eroded export competitiveness (19%). External shocks, including the COVID-19 pandemic and geopolitical events, yield nuanced impacts on GDP, employment, household consumption, and inequality. Sectoral analyses highlight varied effects on export-oriented and non-tradable industries. As Egypt grapples with global challenges, the study emphasizes the need for targeted policies balancing export competitiveness, foreign savings, and domestic stability. The findings contribute practical insights for policymakers navigating the complexities of a dynamic global economy. 2024-09-01 2024-11-15T18:52:18Z 2024-11-15T18:52:18Z Journal Article https://hdl.handle.net/10568/159849 en Open Access Raouf, Mariam; Ghaly, Sherine Boshra; Wiebelt, Manfred; and Elhamalawy, Fatma. 2024. External shocks, exchange rate adjustments, and income distribution in Egypt. Egyptian Review of Development and Planning 32(3): 106-140. https://doi.org/10.21608/inp.2024.276729.1082 |
| spellingShingle | computable general equilibrium models economic shock exchange rate income distribution macroeconomics Raouf, Mariam Ghaly, Sherine Boshra Wiebelt, Manfred Elhamalawy, Fatma External shocks, exchange rate adjustments, and income distribution in Egypt |
| title | External shocks, exchange rate adjustments, and income distribution in Egypt |
| title_full | External shocks, exchange rate adjustments, and income distribution in Egypt |
| title_fullStr | External shocks, exchange rate adjustments, and income distribution in Egypt |
| title_full_unstemmed | External shocks, exchange rate adjustments, and income distribution in Egypt |
| title_short | External shocks, exchange rate adjustments, and income distribution in Egypt |
| title_sort | external shocks exchange rate adjustments and income distribution in egypt |
| topic | computable general equilibrium models economic shock exchange rate income distribution macroeconomics |
| url | https://hdl.handle.net/10568/159849 |
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