rates in these indexes between the fiscal years 1992-93 and 1995-96, firm by firm, we then
obtained the cross-firm distributions of growth rates of relative input prices (PI / PQ ). This three-
year time period covers the devaluation and reforms that took place in 1994. Fiscal years
1993/94 and 1994/95 have been left out to sharpen the contrast.
TABLE 2
Growth in relative input price
(Cumulative percentages 1992-93 to 1995-96)
|
Obs. |
Mean |
Standard |
Median |
Q1 (25%) |
Q3 (75%) | |
|
GABON_______ | ||||||
|
Pooled Sample |
44 |
25,33 |
37,56 |
23,45 |
4,56 |
43,10 |
|
Non Exporters Exporters_______ |
38 6 |
26,73 16,45 |
38,52 32,29 |
24,03 9,54 |
5,55 —7,14 |
47,26 36,25 |
|
Non Importers Importers________ |
14 30 |
10,71 32,15 |
30,35 39,08 |
17,74 29,75 |
4,01 5,11 |
26,54 61,36 |
|
CHAD_________ | ||||||
|
Pooled Sample |
34 |
34,84 |
43,56 |
26,26 |
—0,14 |
54,54 |
|
Non Exporters Exporters_______ |
33 1 |
37,17 -42,21 |
42,02 |
32,21 —42,21 |
7,77 —42,21 |
54,54 —42,21 |
|
Non importers Importers________ |
3 31 |
-19,51 40,09 |
20,61 41,66 |
—14,31 34,21 |
—42,21 13,71 |
—1,99 59,28 |
We note in Table 2 that the combination of devaluation and commercial policy reforms
increased the relative price of inputs for the average and the median firm in both countries. There
is a wide range of variation across firms, but the typical increase is about 25% over the three-
year period in Gabon and 35% in Chad. Furthermore, more than three-quarters of all firms in
both countries experienced at least some increase.
In order to trace differences in incentives among firms with difference in degree of
exposure to the foreign markets, the sample is broken down according both to the export