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Trade shocks and labour market resilience in Sub-Saharan Africa: Does the franc zone response differently?

Tii Nchofoung ()

International Economics, 2022, vol. 169, issue C, 161-174

Abstract: This paper aims to evaluate the impact of commodity terms of trade (CTOT) shocks on the labour market resilience of Sub-Saharan Africa (SSA) countries, comparing the franc zone countries on the one hand, from the non-franc zone countries on the other hand. The results from the PVAR estimation indicate a positive impact of commodity terms of trade shocks on labour market resilience in SSA countries. This finding holds in both the franc zone and the non-franc zone countries. When robustness is checked through the PSTR, this positive relationship is established to be non-linear. The policy implications of the study invite the policy makers to diversify their economies to limit their heavy reliance on commodities.

Keywords: Commodity terms of trade; Resilience; Franc zone; PVAR; PSTR (search for similar items in EconPapers)
JEL-codes: C23 F14 F16 (search for similar items in EconPapers)
Date: 2022
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Related works:
Working Paper: Trade shocks and labour market Resilience in Sub-Saharan Africa: Does the franc zone Response Differently? (2022) Downloads
Working Paper: Trade shocks and labour market Resilience in Sub-Saharan Africa: Does the franc zone Response Differently? (2022) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:inteco:v:169:y:2022:i:c:p:161-174

DOI: 10.1016/j.inteco.2022.01.001

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