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International Commodity Prices, Macroeconomic Performance, and Politics in Sub-Saharan Africa

Author

Listed:
  • Deaton, A-S
  • Miller, R-I

Abstract

This study loods at the experience of Sub-Saharan Africa in dealing with commodity-price variability and discusses whether poor macroeconomic results should be attributed to the inherent difficulty of predicting commodity-price fluctuations, or, rather, to flawed internal political and fiscal arrangements. In an attempt to establish the facts and to cast light on some of the mechanisms, it examines pan-African econometric evidence on the effects of commodity-price fluctuations on national output and its components.

Suggested Citation

  • Deaton, A-S & Miller, R-I, 1995. "International Commodity Prices, Macroeconomic Performance, and Politics in Sub-Saharan Africa," Princeton Studies in International Economics 79, International Economics Section, Departement of Economics Princeton University,.
    • Handle: RePEc:fth:prinfi:79
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    Keywords

    BUSINESS CYCLES ; INTERNATIONAL TRADE ; AFRICA;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
    • N27 - Economic History - - Financial Markets and Institutions - - - Africa; Oceania

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