Publication Information
Published by: Admin
Published: 7 days ago
View: 18
Pages: 38
ISBN: 1
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Abstract
This present study examines how commodity terms of
trade (CTOT) influence economic performance in the proposed West African
Monetary Zone (WAMZ) or non-UEMOA
countries using data from 2000 to 2021. To make the assessment, PVAR, Granger causality
and impulse-response functions analyses are employed. The analyses are tailored
such that economic performance is viewed in terms of unemployment, inflation,
and real output. The following main findings are established. CTOT negatively
affect inflation though the effect is not very significant. CTOT shocks
positively and negatively affect real output and unemployment, respectively.
Policy implications are discussed.
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