Adjustment, trade policy and investment slumps: Evidence from Africa

Journal of Development Economics

Volumn 52, Issue 1, 1997, Pages 121-137

  Fielding, David ^a  

^a UNIVERSITY OF NOTTINGHAM   (United Kingdom)

Author keywords

Investment; Trade policy

Indexed keywords

EID: 0043130229     PISSN: 03043878     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3878(96)00437-3     Document Type: Article

References (26)

1. Banerjee, A., J. Dolado, J. Galbraith and D. Hendry, 1992, Co-integration, error-correction, and the econometric analysis of non-stationary data (Oxford University Press).
2. Bevan, D., P. Collier and J. Gunning, 1990, Controlled open economies: a neoclassical approach to structuralism (Oxford University Press).
3. Bevan, D., P. Collier and J. Gunning, 1992, Anatomy of a temporary trade shock: the Kenyan coffee boom of 1976-9, Journal of African Economies 1, 271-305.
4. Bevan, D., P. Collier and J. Gunning, 1993, Nigeria: policy responses to external shocks 1970-90 (ICEG, San Francisco).
5. Bleaney, M. and D. Greenaway, 1993, Adjustment to external imbalance and investment slumps in developing countries, European Economic Review 37, 577-585.
6. Buffie, E., 1986, Devaluation, investment and growth in LDCs, Journal of Development Economics 20, 361-379.
7. Devarajan, S. and J. de Melo, 1987, Adjustment with a fixed exchange rate: Cameroon, Côte d'Ivoire and Senegal, World Bank Economic Review 1, 447-487.
8. Dickey, D. and W. Fuller, 1981, Likelihood ratio statistics for autoregressive time series with a unit root, Econometrica 49, 1057-1072.
9. Engle, R. and D. Hendry, 1993, Testing superexogeneity and invariance in regression models, Journal of Econometrics 56, 119-139.
10. Faini, R. and J. de Melo, 1990, Adjustment, investment, and the real exchange rate in developing countries, Economic Policy 5, 492-519.
11. Fielding, D., 1994, Instabilité des prix et investissement en Afrique: le rôle des unions monétaires, Revue d'Économie du Développement 3, 31-55.
12. Greene, J. and D. Villanueva, 1991, Private investment in developing countries, IMF Staff Papers 38, 33-58.
13. Harrigan, J. and P. Mosley, 1991, Evaluating the impact of the World Bank structural adjustment lending, Journal of Development Studies 27, 95-134.
14. IMF, 1992, Issues and developments in international trade policy (IMF, Washington).
15. Leybourne, S., 1995, Testing for unit roots using forward and reverse Dickey-Fuller regressions, Oxford Bulletin of Economics and Statistics 57, 559-571.
16. Maddala, G., 1983, Limited-dependent and qualitative variables in econometrics (Cambridge University Press).
17. Maddala, G. and F. Nelson, 1975, Switching regression models with exogenous and endogenous switching, Proceedings of the American Statistical Association (Business and Economics Section) 22, 423-426.
18. Milner, C. and A. McKay, 1994, Real exchange rate concepts and the measurement of trade liberalisation: some evidence from Mauritius (University of Nottingham) mimeo.
19. Musalem, A., 1989, Private investment in Mexico: an empirical analysis, PRE Working Paper 186 (World Bank).
20. OECD, 1976-91, Geographical distribution of financial flows to developing countries (OECD, Paris).
21. Papageorgiou, D., A. Choski and M. Michaely, 1990, Liberalizing foreign trade in developing countries: the lessons of experience (World Bank, Washington).
22. Perron, P., 1989, The great crash, the oil shock and the unit root hypothesis, Econometrica 57, 297-332.
23. United Nations, 1970-88, African statistical yearbook (UN, Addis Ababa).
24. United Nations, 1970-91, Yearbook of national accounts statistics (UN, Washington).
25. World Bank, 1990, Report on adjustment lending (World Bank, Washington).
26. World Bank, 1992, World tables (World Bank, Washington).