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Agricultural commodity price shocks and their effect on growth in sub-Saharan Africa

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  • Addison, Tony
  • Ghoshray, Atanu

Abstract

Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in sub-Saharan Africa. This paper quantifies the impact of agricultural commodity price shocks using a near vector autoregressive model. Th

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File URL: http://www.wider.unu.edu/stc/repec/pdfs/wp2013/WP2013-098.pdf
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Bibliographic Info

Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number UNU-WIDER Research Paper WP2013/098.

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Length: 20
Date of creation: 2013
Date of revision:
Handle: RePEc:unu:wpaper:wp2013-098

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Related research

Keywords: commodity prices; external shocks; price shocks; economic growth; aid flows;

References

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  29. Blattman, Christopher & Hwang, Jason & Williamson, Jeffrey G., 2007. "Winners and losers in the commodity lottery: The impact of terms of trade growth and volatility in the Periphery 1870-1939," Journal of Development Economics, Elsevier, vol. 82(1), pages 156-179, January.
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