International Commodity Prices, Macroeconomic Performance, and Politics in Sub-Saharan Africa

Angus Deaton () and Miller, R-I

Princeton Studies in International Economics from International Economics Section, Departement of Economics Princeton University,

Abstract: This study loods at the experience of Sub-Saharan Africa in dealing with commodity-price variability and discusses whether poor macroeconomic results should be attributed to the inherent difficulty of predicting commodity-price fluctuations, or, rather, to flawed internal political and fiscal arrangements. In an attempt to establish the facts and to cast light on some of the mechanisms, it examines pan-African econometric evidence on the effects of commodity-price fluctuations on national output and its components.

Keywords: BUSINESS CYCLES; INTERNATIONAL TRADE; AFRICA (search for similar items in EconPapers)
JEL-codes: E32 N17 N27 (search for similar items in EconPapers)
Date: 1995
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Journal Article: International Commodity Prices, Macroeconomic Performance and Politics in Sub-Saharan Africa (1996)
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