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Import dependency and structural adjustment in sub-Saharan Africa (anglais)

One of the effects of structural adjustment programs in sub - Saharan Africa has been the reduction of imports in the face of scarce foreign exchange. This article takes the analysis of import demand beyond the traditional income and price determinants to account for factors likely to be important to sub - Saharan African countries in the 1990s. First, the effect of demand on imports is reflected by the level of absorption rather than the less direct...
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