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Exchange Rate Regimes and Revenue Performance in Sub-Saharan Africa.

Abstract:

It has been argued that the institutions of the CFA Franc zone may have reduced inflation but that they also induced misalignment of the real exchange rate and that this is the explanation for their dismal revenue performance. This paper uses a panel of 22 countries in Sub-Saharan Africa to estimate revenue performance over the period from 1980 to 1996. It finds that the poor cumulative relative revenue performance of the Franc zone countries is mainly attributable to differences in environme...

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Publisher:
Elsevier
Journal:
Journal of Development Economics More from this journal
Volume:
64
Issue:
1
Pages:
173 - 213
Publication date:
2001-01-01
DOI:
ISSN:
0304-3878
Language:
English
UUID:
uuid:fbb19596-b593-4a69-8d34-3ea5f3a58d54
Local pid:
oai:economics.ouls.ox.ac.uk:10856
Deposit date:
2011-08-16

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