The current paper demonstrates a dichotomy of the growth response to changes in the barter terms of trade, employing as case studies the two African countries, Botswana and Nigeria.Using distributed-lag analysis, the paper finds that the effect of terms of trade on output is positive and...

Recent evidence from an exhaustive political economy study of growth of African economies- the growth project of the African Economic Research Consortium (AERC) suggests that 'policy syndromes' have substantially contributed to the generally poor growth in sub-Saharan Africa during...