Gurara, Daniel Zerfu; Ncube, Mthuli - African Development Bank - 2013
We develop a global vector autoregressive model (GVAR) to analyze the globalgrowth spillover e¤ects on Africa. The model contains 46 African countries and30 developed and emerging market countries, covering 90 percent of the world econ-omy. The results suggest that there is a signi
cant growth...