Macro policy has changed the real exchange rates for African countries dramatically in the 1990s. In this paper the possible impact of macroeconomic policy on firms in the manufacturing sector is considered based on a panel survey of such firms in Cameroon, Kenya, Ghana, and Zimbabwe. The data shows that most large African manufacturing firms do export, but most do not specialize in exporting. An export equation is estimated both for the propensity...
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1998/02/01
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Documento de Trabalho (Série Numerada)
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56898
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1
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1
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2010/07/01
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Disclosed
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Exports of African manufacturers : macro policy and firm behavior
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real effective exchange rate
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