TY  - BOOK
AU  - Cashin,Paul
AU  - Pattillo,Catherine A.
TI  - Terms of Trade Shocks in Africa: Are they Short-Lived or Long-Lived? 
T2  - IMF Working Papers; Working Paper
SN  - 1451849338 :
SN  - 1018-5941
PY  - 2000///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Confidence Interval
KW  - imf
KW  - Shock Persistence
KW  - Terms of Trade Shocks
KW  - Time Series
KW  - Trade Shocks
KW  - Botswana
KW  - Central African Republic
KW  - Congo, Democratic Republic of the
KW  - Equatorial Guinea
KW  - Guinea
N2  - This paper examines the persistence of shocks to the terms of trade, using annual data on 42 Sub-Saharan African countries between 1960-96. We find that the persistence of terms of trade shocks varies widely-for about half the countries such shocks are short-lived, while for one-third of the countries such shocks are long-lived. The countries experiencing long-lived terms of trade shocks are typically those that have large shares of petroleum imports in total imports, small shares of nonfuel commodity exports in total exports, and are highly concentrated in exportable commodities with long-lived price shocks
UR  - http://elibrary.imf.org/view/IMF001/06757-9781451849332/06757-9781451849332/06757-9781451849332.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451849332
ER  -