Estimation of a structural economic growth equation using data for 26 sub-Saharan African countries over the years 1974-92 reveals positive growth effects of membership in the French African Community (CFA) zone stemming from an enhanced productivity of investment. However, these effects appear...

We seek to add a cautionary note to the growing appetite for quantitative economic history. Our lightning rod is the money demand estimation undertaken by Michael, Nobay and Peel (MNP) (1994) over the last months of Germany's hyperinflation. MNP apply to less than eighteen months of data an...