Luck factors in post-conflict recoveries: IMF paper


An International Monetary Fund paper, published on Monday, says luck is an important factor in post-conflict recovery in sub-Saharan African countries.

The paper's authors, Antonio David, Fabiano Rodrigues Bastos and Marshall Mills, use panel data for 30 sub-Saharan African countries to identify the factors linked to cross-country differentials in growth performance in the aftermath of social conflict.

The results show that changes in the terms of trade are the most important driver of economic

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