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Non-oil growth in the CFA oil exporting countries has been lackluster despite their great natural resource wealth. In this paper we study the key determinants of non-oil growth and explore to what extent these countries differ from countries with comparable levels of development that do not...
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The paper explores the impact of workers' remittances on the level of export diversification. The hypothesis is that … significant inflow of remittances causes overvaluation of real exchange rate, which in turn deteriorates diversity of export. The … diversified export. The economic intuition behind is that remittance-caused real exchange rate appreciation unevenly suppresses …
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