Macroeconomic policies in Jordan. Implications for horticultural exports
1989
Youngblood, C.E. | Scobie, G.M. | Al-Hurani, M.H.
A fundamental hypothesis explored in this study is that macroeconomic policies constitute a very important part of the incentive structure facing farmers and marketing agents in the agricultural sector. This study had three objectives: first it documented the recent performance of fruit and vegetable exports. Second - explained this performance with reference to various measures of the real exchange rate and to domestic price behaviour. Third - it investigated some of the determinants of real exchange rate. Furthermore, some salient macroeconomic aspects were highlighted, while focusing on the foreign trade sector in general, and Jordan's horticultural exports in particular various measures of the real exchange rate were derived and these formed a key element in exploring Jordan's ability to compete in export markets. The study concludes with preliminary analysis of the determinants of the real exchange rate. Particular attention was given to the effect of grants, loans and remittances from the Gulf States on the flow of foreign exchange, and hence on the price of Jordanian dinar
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