THE ROLE OF EXTERNAL SHOCKS TO MACROECONOMIC FLUCTUATIONS Of EMERGING ECONOMIES: EXPLORING THE EXPORT COMMODITY PRICE CHANNEL

This dataset can be used to priduce the main results of the paper entitled: THE ROLE OF EXTERNAL SHOCKS TO MACROECONOMIC FLUCTUATIONS Of EMERGING ECONOMIES: EXPLORING THE EXPORT COMMODITY PRICE CHANNEL. The dataset is composed key macroeconomic variables to four African economies namely Ethiopia, Morocco, Nigeria and South AFrica as well as slected macroeconomic indicators of European Union economy. Based on the dataset, a BVAR is estinmated for each of the four African economies and the results highlighted the importance of export commodity price shocks to understand transmission of excternal shocks to emerging economies. A detailed description of data source and transformation of variables can be found in the Appendix section of the paper.