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Trade shocks and labour market resilience in Sub-Saharan Africa: Does the franc zone response differently?

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  • Tii N. Nchofoung

Abstract

This paper aims to evaluate the impact of commodity terms of trade (CTOT) shocks on the labour market resilience of Sub-Saharan Africa (SSA) countries, comparing the franc zone countries on the one hand, from the non-franc zone countries on the other hand. The results from the PVAR estimation indicate a positive impact of commodity terms of trade shocks on labour market resilience in SSA countries. This finding holds in both the franc zone and the non-franc zone countries. When robustness is checked through the PSTR, this positive relationship is established to be non-linear. The policy implications of the study invite the policy makers to diversify their economies to limit their heavy reliance on commodities.

Suggested Citation

  • Tii N. Nchofoung, 2022. "Trade shocks and labour market resilience in Sub-Saharan Africa: Does the franc zone response differently?," International Economics, CEPII research center, issue 169, pages 161-174.
    • Handle: RePEc:cii:cepiie:2022-q2-169-11
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    Cited by:

    1. Muhamadu Awal Kindzeka Wirajing & Tii N. Nchofoung & Roger Tsafack Nanfosso, 2024. "Inclusive education and labour productivity: The case of Sub‐Saharan African countries," South African Journal of Economics, Economic Society of South Africa, vol. 92(4), pages 498-523, December.
    2. Tii N. Nchofoung & Simplice A. Asongu & Vanessa S. Tchamyou, 2022. "Tourism, ICT and inclusive development: global evidence," Working Papers 22/037, European Xtramile Centre of African Studies (EXCAS).
    3. Eliphas Ndou, 2025. "Macroeconomic resilience and GDP growth nexus: evidence from GDP growth dynamics in South Africa," SN Business & Economics, Springer, vol. 5(7), pages 1-40, July.
    4. Tii N. Nchofoung & Elvis Dze Achuo & Linda Julie Tiague Zanfack, 2023. "Exchange rate misalignment and revenue mobilisation: a global comparative evidence of trade openness thresholds," Indian Economic Review, Springer, vol. 58(2), pages 281-310, December.
    5. Ndoya, Hermann & Kamguia, Brice & Nchofoung, Tii N., 2024. "Can the constitutional concentration of power be linked to Africa's energy poverty?," Energy Policy, Elsevier, vol. 194(C).
    6. Abiola John Asaleye & Kariena Strydom, 2023. "Promoting Women’s Empowerment: Linkages Between Financial Development, Employment and Economic Growth in Selected African Economies," SAGE Open, , vol. 13(4), pages 21582440231, October.
    7. Tii N. Nchofoung & Ibrahim Ngouhouo, 2024. "Determinants of economic resilience response in sub-Saharan Africa to a common exogenous shock: roles of demographic differences, exchange rate regimes and institutional quality," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 26(1), pages 186-213, April.
    8. Joshua Adeyemi Afolabi & Isiaka Akande Raifu, 2025. "Toward economic resilience in Sub‐Saharan Africa: The role of institutional quality and human capital development," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(2), pages 2566-2578, April.
    9. Prince Hikouatcha & Arsène Aurelien Njamen Kengdo & Hans Patrick Bidias Menik & Pierre Ghislain Tchoffo Tioyem & Tii Njivukuh Nchofoung, 2023. "Microstructure and asset pricing: An insight on African frontier stock markets," Bulletin of Economic Research, Wiley Blackwell, vol. 75(4), pages 944-987, October.
    10. Jacho, Domenica & Cruz, Zoe & Carrillo-Maldonado, Paul, 2024. "Effect of terms of trade on the Latin American Labor market," International Economics, Elsevier, vol. 180(C).
    11. Tii N. Nchofoung & Guivis Zeufack Nkemgha & Dieu ne Dort Talla Fokam & Arsène Aurelien Njamen Kengdo, 2024. "Achieving the Sustainable Development Goals Through Water and Sanitation: Do Information and Communication Technologies (ICTs) Matter for Africa?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 4383-4407, March.
    12. Hermann Ndoya & Bruno Emmanuel Ongo Nkoa & Francis Hypolite Kemeze & Tii N. Nchofoung, 2024. "Financial development and economic complexity: The role of country stability," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 32(2), pages 415-447, April.
    13. Tii N. Nchofoung, 2023. "Oil price shocks and energy transition in Africa," Working Papers 23/064, European Xtramile Centre of African Studies (EXCAS).
    14. Nchofoung, Tii N., 2024. "Oil price shocks and energy transition in Africa," Energy Policy, Elsevier, vol. 184(C).
    15. Nchofoung, Tii N. & Asongu, Simplice A., 2022. "Effects of infrastructures on environmental quality contingent on trade openness and governance dynamics in Africa," Renewable Energy, Elsevier, vol. 189(C), pages 152-163.
    16. Jean-Claude Kouladoum, 2023. "Inclusive Education and Health Performance in Sub Saharan Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 165(3), pages 879-900, February.

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    Keywords

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    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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