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discussion paper

Adjusting to external shocks in small open economies: The case of Honduras

Like the other small economies of Central America, the economy of Honduras is a challenge for all those searching for an adequate and sustainable growth strategy. After growing strongly for the two decades prior to 1980, the economy suffered through…

discussion paper

A regional computable general equilibrium model for Honduras

In this paper we develop a dynamic regional computable general equilibrium (CGE) model for Honduras that incorporates regional disaggregated sectors for agriculture. We undertook this research to address two pressing policy concerns in Honduras.…

discussion paper

A dynamic computable general equilibrium model with working capital for Honduras

In this paper we develop a dynamic real-financial computable general equilibrium (CGE) model for Honduras that incorporates working capital. The model is designed to be useful as a development tool and to be used by policymakers who deal with…

discussion paper

The impact of CAFTA on employment, production, and poverty in Honduras

In this paper we develop a dynamic CGE model to examine the impact of CAFTA on production, employment and poverty in Honduras. We model four aspects of the agreement: tariff reductions, quotas, changes in the rules of origin for maquila and more…

discussion paper

Trade liberalization under CAFTA

"This paper is a description and an analysis of trade liberalization under CAFTA. It shows that in the short run the impact of the agreement is likely to be small... Since the U.S. already grants tariff-free access under the CBI, trade liberalization…

discussion paper

Shocks, sensitivity and resilience

"Droughts, hurricanes and other environmental shocks punctuate the lives of poor and vulnerable populations in many parts of the world. The direct impacts can be horrific, but what are the longer-term effects of such shocks on households and their…

discussion paper

Geographic space, assets, livelihoods and well-being in rural Central America

This paper uses an asset-base framework to analyze the determinants of rural growth and sustainable poverty reduction for the three poorest countries in Central America: Guatemala, Honduras and Nicaragua...Using a combination of GIS mapping…

discussion paper

Identifying the drivers of sustainable rural growth and poverty reduction in Honduras

The overall objective of this paper is to develop an appropriate conceptual and analytical framework to better understand how prospects for growth and poverty reduction can be stimulated in rural Honduras. We employ complementary quantitative and…

discussion paper

The cost of poverty alleviation transfer programs

"A common criticism of antipoverty programs is that the high share of administrative (nontransfer) costs substantially reduces their effectiveness in alleviating poverty. Yet there is surprisingly little hard empirical evidence on such programs'…

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