This paper has two main objectives. First, we examine whether trade can fully explain the differences between Mauritius and Madagascar in development patterns. Second, based on the analysis of trade patterns in the two countries, we outline the main implications for trade between the two African...

Using panel data from 39 countries, this paper examines the effects of financial deepening and openness to trade and foreign capital (FDI) on rural-urban inequality in Africa. Four estimations were performed: OLS pooled cross-section, GLS pooled cross-section, fixed effects model and an adjusted...

Using Vector Error-Correction (VEC) model estimation on monthly data from Morocco for the period January 1974 to December 1992, this article tests the hypothesis that there is a long-run stable relationship between the official and the black-market exchange rates for US dollars. We also examine...