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Regional Impact of Cote D'Ivoire'S Sociopolitical Crisis

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Author Info

  • Dorothy Engmann
  • Ousmane Dore
  • Benoít Anne
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    Abstract

    This paper evaluates the impact of the sociopolitical crisis in Côte d''Ivoire on the economies of its neighbors. Using a nonsubjective weighted index of regional instability in cross-country time-series regressions, it shows that the increase in regional instability caused by domestic instability in Côte d''Ivoire had a negative effect on the growth performance of its most direct neighbors, but no significant effect on the subregion as a whole including the West African Economic and Monetary Union (WAEMU). The paper also examines the channels through which such spillover effects took place.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16116
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 03/85.

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    Length: 36
    Date of creation: 01 Apr 2003
    Date of revision:
    Handle: RePEc:imf:imfwpa:03/85

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    Related research

    Keywords: Economic growth; neighboring countries; gdp growth; real gdp; terms of trade; gdp per capita; growth rate; monetary union; international trade; gdp growth rate; growth rates; trade flows; regional integration; aggregate demand; income distribution; export markets; volume of trade; trade routes; economic community; exogenous shock; current account deficit; trading partner; economic integration; trade figures; commodity prices; economic cooperation; gdp growth rates; value of trade; regional trade; gdps; balance of payments;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
    2. Catherine A. Pattillo & Paul R. Masson, 2001. "Monetary Union in West Africa," IMF Working Papers 01/34, International Monetary Fund.
    3. Roubini, Nouriel & Swagel, Phillip & Ozler, Sule & Alesina, Alberto, 1996. "Political Instability and Economic Growth," Scholarly Articles 4553024, Harvard University Department of Economics.
    4. Alesina, Alberto, et al, 1996. " Political Instability and Economic Growth," Journal of Economic Growth, Springer, vol. 1(2), pages 189-211, June.
    5. Paul Masson & Catherine Pattillo, 2002. "Monetary Union in West Africa: An Agency of Restraint for Fiscal Policies?," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 11(3), pages 387-412, September.
    6. Patrick GUILLAUMONT & Sylviane GUILLAUMONT JEANNENEY & Jean-François BRUN, 1998. "How Instability Lowers African Growth," Working Papers 199806, CERDI.
    7. Alesina, Alberto & Perotti, Roberto, 1996. "Income distribution, political instability, and investment," European Economic Review, Elsevier, vol. 40(6), pages 1203-1228, June.
    8. Chua, H.B. & Ades, A., 1993. "Regional Instability and Economic Growth: Thy Neighbor's Curse," Papers 704, Yale - Economic Growth Center.
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    Cited by:
    1. Camelia Minoiu & Olga N. Shemyakina, 2012. "Armed conflict, household victimization, and child health in Côte d'Ivoire," Working Papers 245, ECINEQ, Society for the Study of Economic Inequality.

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