Trade shocks and macroeconomic performance in non-UEMOA countries

This present study examines how commodity terms of trade (CTOT) influence economic performance in the proposed West African Monetary Zone (WAMZ) or non-UEMOA countries using data from 2000 to 2021. To make the assessment, PVAR, Granger causality and impulse-response functions analyses are employed....

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Bibliographic Details
Published in:Transnational Corporations Review
Main Authors: Kordzo Sedegah, Nicholas M. Odhiambo, Simplice A. Asongu
Format: Article
Language:English
Published: Elsevier 2025-09-01
Subjects:
E51
E52
E58
E59
O55
Online Access:http://www.sciencedirect.com/science/article/pii/S1925209925000336
Description
Summary:This present study examines how commodity terms of trade (CTOT) influence economic performance in the proposed West African Monetary Zone (WAMZ) or non-UEMOA countries using data from 2000 to 2021. To make the assessment, PVAR, Granger causality and impulse-response functions analyses are employed. The analyses are tailored such that economic performance is viewed in terms of unemployment, inflation, and real output. The following main findings are established. CTOT negatively affects inflation though the effect is not very significant. CTOT shocks positively and negatively affect real output and unemployment, respectively. Policy implications are discussed.
ISSN:1925-2099

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