Bates, Samuel; Ndiaye, Cheikh Tidiane - In: Economics Bulletin 34 (2014) 2, pp. 951-965
Using the structural unobserved component (UC) modeling, this study analyzes the Senegalese economic growth path after 5 decades of independence by focusing on the potential output, the GDP cycle and the type of shocks on the GDP. Empirical evidence suggests that an inventory cycle mainly drives...