Liberalized World Trade and Food Import Under Foreign Exchange Constraints in the CFA's Franc Zone of Sub-Saharan Africa

SENE, Mr. SEYDINA OUSMANE; SAGHAIAN, Dr. SAYED H.

Liberalized World Trade and Food Import Under Foreign Exchange Constraints in the CFA's Franc Zone of Sub-Saharan Africa

Autores

Descripción

This paper finds a long-run relationship between food imports, commodities prices, exchange rates, food production, GDP, and trade openness in the CFA zone of Sub-Saharan Africa. We use a panel Vector Error Correction Model with exogenous prices expanded beyond the Hemphill’ approach (1974) on rice, wheat, maize, and sugar under fixed exchange rate constraint.