International Commodity Prices, Macroeconomic Performance, and Politics in Sub-Saharan Africa
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.
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|Date of creation:||1995|
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Web page: http://www.econ.princeton.edu/
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