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Data from 19 African nations is used to investigate the hypothesis that monetary union-represented in this case by the CFA Franc Zone-augments the extent of macroeconomic integration. The paper covers two key dimensions of integration: the volume of bilateral trade, and the magnitude of...
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I construct a model of investment in Israel that incorporates both standard economic factors and indicators of political instability and unrest. The model is used to estimate both the extent to which the "Intifada" has depressed Israeli investment in different kinds of capital good, and the size...
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