OIL PRICE VOLATILITY AND MACROECONOMIC PERFORMANCE IN SELECTED OIL EXPORTING AND NON-OIL EXPORTING COUNTRIES IN SUB-SAHARAN AFRICA
ABSTRACT The impact of oil price volatility on macroeconomic performance of oil and non-oil exporting countries in sub-Saharan Africa have been the crucial point of empirical investigations. Nevertheless, previous studies on oil price fluctuations – macroeconomic performance either concentrated mostly on developed countries or emerging economies and hardly took an explicit account of heterogeneity of macroeconomic variables of developing economies such as sub- Saharan Africa and other African countries. This ...
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