Exchange Rate Regimes and Revenue Performance in Sub-Saharan Africa

Christopher Adam (christopher.adam@qeh.ox.ac.uk) and David Bevan

No 9, Economics Series Working Papers from University of Oxford, Department of Economics

Abstract: It has been argued that the institutions of the CFA Franc zone may have reduced inflation but that they also induced misalignment of the real exchange rate and that this is the explanation for their dismal revenue performance. This paper uses a panel of 22 countries in sub-Saharan Africa to estimate revenue performance over the period from 1980 to 1996. It finds that the poor cumulative relative revenue performance of the franc zone countries is mainly attributable to differences in environmental and structural factors, and that different responses to changes in the equilibrium real exchange rate, but that the misalignment of the real exchange rate also played a part.

Keywords: revenue productivity; exchange rate regimes; Africa; panel data (search for similar items in EconPapers)
JEL-codes: O11 O23 (search for similar items in EconPapers)
Date: 2000-01-01
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://ora.ox.ac.uk/objects/uuid:f120abfe-b0ce-4772-9407-c321657c9cb6 (text/html)

Related works:
Journal Article: Exchange rate regimes and revenue performance in Sub-Saharan Africa (2001)
Working Paper: Exchange Rate Regimes and Revenue Performance in Sub-Saharan Africa
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oxf:wpaper:9

Access Statistics for this paper

More papers in Economics Series Working Papers from University of Oxford, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Anne Pouliquen (facultyadmin@economics.ox.ac.uk this e-mail address is bad, please contact repec@repec.org).