Trade Integration and Business Cycle Synchronization among East African Community Countries

IF 1.3 Q3 ECONOMICS

International Trade Journal Pub Date : 2022-09-30 DOI:10.1080/08853908.2022.2128945

Yvonne Umulisa

引用次数: 1

Abstract

ABSTRACT This study uses a panel of 31 African countries for a period of 17 years to assess whether trade integration among these countries has led to the synchronization of their business cycle. This is an important issue to consider for entry into a monetary union. Unlike most previous studies, a time-varying index is applied to measure business cycle synchronization. The heterogeneous panel estimators reveal a positive relationship between the two variables among these African countries. This empirical finding should be considered by the East African Community (EAC) authorities for further debate on the readiness of the EAC Monetary Union.

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东非共同体国家贸易一体化与商业周期同步

摘要本研究对31个非洲国家进行了为期17年的调查，以评估这些国家之间的贸易一体化是否导致了其商业周期的同步。这是加入货币联盟需要考虑的一个重要问题。与以往的研究不同，本文采用时变指标来衡量经济周期的同步性。异质性面板估计揭示了这些非洲国家的两个变量之间的正相关关系。东非共同体(EAC)当局应考虑这一实证发现，以进一步讨论EAC货币联盟的准备情况。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Trade Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The International Trade Journal is a refereed interdisciplinary journal published for the enhancement of research in international trade. Its editorial objective is to provide a forum for the scholarly exchange of research findings in,and significant empirical, conceptual, or theoretical contributions to the field. The International Trade Journal welcomes contributions from researchers in academia as well as practitioners of international trade broadly defined.