Series: IMF Working Papers
Author(s): Gonzalo Salinas , and Patrick Imam
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2008
Keywords: Growth, Acceleration, Deceleration, Africa, terms of trade, economic liberalization, inflation, external shocks, world demand, Volatility spillovers
The growth literature has had problems explaining the "sub-Saharan African growth dummy" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Sahar...