Abstract
The discussion on the significance for development policy of the Stabex system, which gained additional impetus as a result of the financing problems observed for the first time in 1981, has up to now suffered from a lack of empirical analysis of the scheme’s effects. The following article attempts to quantitatively determine some of these effects for the period 1975–79 and to evaluate the scheme according to aspects of stabilisation, distribution and allocation.
Article PDF
Similar content being viewed by others
Avoid common mistakes on your manuscript.
References
For a description and details on the development and wording of the renewed version of the Lomé Convention signed on October 31, 1979 cf. The Courier-Africa-Caribbean-Pacific-European Community, special issue, No. 58, November 1979. For a comparison of the Stabex arrangements in Lomé I and Lomé II cf. J.-C. Müller: The Stabex System in Lomé II, in: The Courier-Africa-Caribbean-Pacific-European Community, No. 62, July–August 1980, p. 30.
Cf. “Stabex-Kassen erstmals überfordert” (Stabex funds overstrained for the first time), in: Agra-Europe, Vol. 22 (1981), No. 32, August 8, 1981, Europa-Nachrichten, p. 16 f.
Cf., e.g., “Pisani bezweifelt Effizienz des Stabex-Systems” (Pisani doubts Efficiency of Stabex System), in: Agra-Europe, Vol. 22, No. 34, August 24, 1981, Kurzmeldungen, p. 9.
Cf. UNCTAD (ed.): Compensatory Financing: Issues and Proposals for Further Action. Report by the UNCTAD Secretariat for UNCTAD V in Manila, Geneva 1979, p. 19.
Cf., for example, J. B. Donges: UNCTAD’s Integrated Programme for Commodities. Economic Implications and Europe’s Response, in: Resources Policy, Vol. 5, 1979, p. 13 ff.
Cf., e.g., D. Lim: Export Instability and Economic Growth: A Return to Fundamentals, in: Oxford Bulletin of Economics and Statistics, Vol. 38, 1976, p. 311 ff.
Cf. Commission of the European Communities (ed.): Zusammenfassender Bericht über das mit dem Abkommen von Lomé eingeführte System zur Stabilisierung der Ausfuhrerlöse in den Anwendungsjahren 1975 bis 1979 (Report on the Functioning of the Earnings Stabilisation Scheme introduced under the Lomé Convention during the Application Period 1975–1979), SEK (81) 1104, Brussels 1981, p. 61 ff. and Appendix I, 1.
Cf. R. Herrmann: Exportinstabilität auf agrarischen Rohstoffmärkten—Situationsanalyse und Eingriffsmöglichkeiten (Export Instability in Agricultural Raw Materials Markets—Analysis of the Situation and Intervention Possibilities), Agrarökonomische Studien, Vol. 4, Kiel 1981, p. 228 ff.
Cf. UNCTAD (ed.), op. cit. Compensatory Financing: Issues and Proposals for Further Action. Report by the UNCTAD Secretaria for UNCTAD V in Manila, Geneva 1979, p. 19.
A comprehensive presentation of the following methodological approach and the empirical calculations can be found in: R. Herrmann, op. cit., Exportinstabilität auf agrarischen Rohstoffmärkten—Situationsanalyse und Eingriffsmöglichkeiten (Export Instability in Agricultural Raw, Materials Markets—Analysis of the Situation and Intervention Possibilities), Agrarökonomische Studien, Vol. 4, Kiel 1981, Chapter 5.2.2.
Cf., e. g., R. Hasse, R. Weitz: Das Abkommen von Lomé—Übergang oder Alternative zu einer neuen Weltwirtschaftsordnung? (The Lomé Convention—Transition or Alternative to a New International Economic Order?), Report No. 43 by the Cologne University Institute for Economic Policy, Cologne 1978, p. 104.
Cf. ibid., R. Hasse, R. Weitz: Das Abkommen von Lomé— Übergang oder Alternative zu einer neuen Weltwirtschaftsordnung? (The Lomé Convention—Transition or Alternative to a New International Economic Order?), Report No. 43 by the Cologne University Institute for Economic Policy, Cologne 1978, p. 100.
Cf. P. M. Schmitz, U. Koester: Der Einfluß der EG-Zuckerpolitik auf die Entwicklungsländer (The Impact of the EC Sugar Policy on the Developing Countries), Discussion Articles No. 42, Institut für Agrarpolitik und Marktlehre der Christian-Albrechts-Universität Kiel, Kiel 1981, p. 42.
K.P. Treydte: The Stabilisation of Export Earnings. Two Years’ Experience in Stabex, in: INTERECONOMICS, Vol. 12, 1977, p. 305.
Author information
Authors and Affiliations
Additional information
The results of this article are part of work carried out by the special research section 86 (World economy and International Economic Relations) sponsored by the Deutsche Forschungsgemeinschaft.
Rights and permissions
About this article
Cite this article
Herrmann, R. On the economic evaluation of the Stabex system. Intereconomics 17, 7–12 (1982). https://doi.org/10.1007/BF02925915
Issue Date:
DOI: https://doi.org/10.1007/BF02925915