This study is the first to use Johansen's cointegration approach for India in the analysis of the long-term dynamics between the black and official exchange rates for the period 1953-1993. The study also estimates the long-run elasticity of the official rate with respect to the black market...

This paper analyses how export growth rates in sub-Saharan Africa are determined by both domestic and external market conditions. We highlight the problems of measuring trade orientation given the various domestically-determined factors which influence the conditions faced by exporters. Focusing...