Publications
May 3, 2016
Export Commodity Prices And Long-Run Growth Of Primary Commodities-Based African Economies
There
is a link between primary commodity export prices and economic performance.
Many African economies are primary commodities export biased, often in few
primary commodities. Previous studies focus on the impact of commodity prices
on growth in Africa with little attention paid to different primary commodities
and level of diversification in primary commodities export. This study,
investigates the effect of primary commodity prices on the long-run growth of 24
primary commodities-based African economies; by commodity types and level of
diversification in primary commodities exports.
Related
Nigeria Economic Update (Issue 31)
The Nigeria Stock Exchange market advanced further as equity indices pitched higher in the review week. Benchmark indices, All-share Index and Market Capitalization rose by 1.5 percent to settle at remarkable points, 37,425 and N12.90 trillion respectively an exceptional first-time record in more than two years. The uptrend has been sustained by stronger demand for investment securities due to outstanding H1 performance reports submitted by some listed companies during the week10.