Trade shocks and labour market Resilience in Sub-Saharan Africa: Does the franc zone Response Differently?

Tii Nchofoung

No 22/005, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: The objective of this paper is 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 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, a result that was replicated in both the franc zone and the non-franc zone countries. When robustness was checked through the PSTR, this positive relationship was established to be non-linear. The policy implications of the study invite the policy makers to diversify their economies to limit their heavy reliance of their economies 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)
Pages: 34
Date: 2022-01
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (11)

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http://publications.excas.org/RePEc/exs/exs-wpaper ... b-Saharan-Africa.pdf Revised version, 2022 (application/pdf)

Related works:
Journal Article: Trade shocks and labour market resilience in Sub-Saharan Africa: Does the franc zone response differently? (2022)
Journal Article: Trade shocks and labour market resilience in Sub-Saharan Africa: Does the franc zone response differently? (2022)
Working Paper: Trade shocks and labour market Resilience in Sub-Saharan Africa: Does the franc zone Response Differently? (2022)
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