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Publication Information
Published by: Admin
Published: 2 months ago
View: 48
Pages: 31
ISBN: 1
Download PDF (EN)
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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