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We study the effect of primary commodities on development indicators in a sample of 86 countries over the period 1965-2005. To this purpose we employ a system of equations. We use interactive terms to estimate separate slope coefficients for Sub-Saharan African (SSA) countries, Central African...
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The Central African Economic and Monetary Community (CAEMC) has been a monetary union for several decades now. According to the hypothesis of endogenous optimal currency areas (OCAs), the degree of business cycle synchronisation across its member states should be significantly higher today than...
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