Collier, Paul; Goderis, Benedikt - Centre for the Study of African Economies (CSAE), … - 2007
shocks.
Keywords: commodity prices; aid; growth; external shocks
JEL classification: F35, O13, O47
2
Introduction … export prices and oil import prices to control for the long-run
effect of commodity prices on GDP. Section 2.1 explains how … argued by Deaton and Miller (1996), one of the advantages of
using international commodity prices is that they are typically …