Real Overvaluation, Terms of Trade Shocks, and the Cost to Agriculture in Sub-Saharan Africa

Real Overvaluation, Terms of Trade Shocks, and the Cost to Agriculture in Sub-Saharan Africa

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The observed decline of agriculture and the general worsening of economic conditions in Sub-Saharan Africa are linked to economic distortions, which limit growt

Terms of Trade Shocks in Africa - Are They Short-Lived Or Long-Lived?

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A country's terms of trade is one of the most important relative prices in economics, yet economists are largely ignorant of many of its empirical properties. T

Terms of Trade Shocks and Economic Recovery

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This paper identifies factors that contribute to a fast recovery in growth after persistent negative terms of trade shocks, using a sample of 159 countries for

Terms of Trade Shocks in Africa Are They Short-Lived or Long-Lived?

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This paper examines the persistence of shocks to the terms of trade, using annual data on 42 Sub-Saharan African countries between 1960-96. We find that the per

World Bank Adjustment Lending and Economic Performance in Sub-Saharan Africa in the 1980s

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