THE ENDOGENEITY of BUSINESS CYCLE SYNCHRONISATION in SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

Ntokozo Patrick Nzimande; Harold Ngalawa

doi:10.1142/S2194565919500106

THE ENDOGENEITY of BUSINESS CYCLE SYNCHRONISATION in SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

Ntokozo Patrick Nzimande
, Harold Ngalawa

University of KwaZulu-Natal

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

This paper investigates the endogeneity hypothesis of optimal currency area (OCA) criterion, that is, business cycles synchronisation, in a panel of Southern African Development Community (SADC) member countries, for the period 1994-2016. Using a Generalised Method of Moments (GMM), the study finds that, amongst other factors, trade induces business cycles comovement. This finding lends support to the endogeneity hypothesis of OCA theory.

Original language	English
Article number	1950010
Journal	Global Economy Journal
Volume	19
Issue number	2
DOIs	https://doi.org/10.1142/S2194565919500106
Publication status	Published - 1 Jun 2019
Externally published	Yes

Keywords

Business cycles
financial integration
monetary union
synchronisation
trade integration

ASJC Scopus subject areas

General Economics,Econometrics and Finance

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10.1142/S2194565919500106

Cite this

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title = "THE ENDOGENEITY of BUSINESS CYCLE SYNCHRONISATION in SOUTHERN AFRICAN DEVELOPMENT COMMUNITY",

abstract = "This paper investigates the endogeneity hypothesis of optimal currency area (OCA) criterion, that is, business cycles synchronisation, in a panel of Southern African Development Community (SADC) member countries, for the period 1994-2016. Using a Generalised Method of Moments (GMM), the study finds that, amongst other factors, trade induces business cycles comovement. This finding lends support to the endogeneity hypothesis of OCA theory.",

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AB - This paper investigates the endogeneity hypothesis of optimal currency area (OCA) criterion, that is, business cycles synchronisation, in a panel of Southern African Development Community (SADC) member countries, for the period 1994-2016. Using a Generalised Method of Moments (GMM), the study finds that, amongst other factors, trade induces business cycles comovement. This finding lends support to the endogeneity hypothesis of OCA theory.

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KW - financial integration

KW - monetary union

KW - synchronisation

KW - trade integration

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THE ENDOGENEITY of BUSINESS CYCLE SYNCHRONISATION in SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

Abstract

Keywords

ASJC Scopus subject areas

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