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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: AGDI Working Paper ; No. WP/22/005

Classification and Topics

• Classification: Wirtschaft ; Trade and Labor Market Interactions ; Empirical Studies of Trade ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
• Subject: commodity terms of trade ; resilience ; franc zone ; PVAR ; PSTR

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Nchofoung, Tii Njivukuh
• Event: Veröffentlichung
• (who): African Governance and Development Institute (AGDI)
• (where): Yaoundé
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/262077
• Last update: 10.03.2025, 11:43 AM CET