This study assesses the response of the trade balance to exchange rate fluctuations across a large number of countries …. Fixed-effects regressions are estimated for 87 countries on annual data from 1994 to 2010. The trade balance improves …. Disaggregation into exports and imports shows that the delayed adjustment in industrial countries is almost entirely on the export …

exports. The paper also finds sharp sub-regional differences: CFA economies’ agricultural exports are less diversified than … appear to shift relatively more rapidly from primary towards processed commodity exports. The study then investigates the … environment and to liberalize and deregulate the economy is a requirement for African countries to significantly improve their …