All countries

D.lnRM2

Full sample

D.lnRM2

Others

D.lnRM2

French

D.lnRM2

Infl

0.000

0.000

0.000

0.001

(0.000)

(0.000)

(0.000)

(0.005)

LnRGDP

0.949***

0.949***

0.979***

0.950***

(0.002)

(0.002)

(0.002)

(0.002)

Exch

0.000

0.000

−0.000

−0.000

(0.000)

(0.000)

(0.000)

(0.000)

LIBOR

−0.005***

−0.005***

−0.002

0.000

(0.001)

(0.001)

(0.003)

(0.010)

Senegal: __ec

−0.151*

(0.084)

D.Infl

0.026

(0.091)

D.lnRGDP

0.775***

(0.078)

D.Exch

−0.002

(0.012)

D.LIBOR

−0.334

(0.471)

Cons

0.249

(0.551)

Sierra L: __ec

−0.714***

(0.129)

D.Infl

−0.000

(0.000)

D.lnRGDP

0.270**