THE ENDOGENEITY OF BUSINESS CYCLE SYNCHRONISATION IN SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2019-09-04 DOI:10.1142/S2194565919500106

N. Nzimande, H. Ngalawa

引用次数: 1

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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南部非洲发展共同体商业周期同步的内生性

本文以南部非洲发展共同体(SADC)成员国为研究对象，研究了1994-2016年期间最优货币区(OCA)标准的内生性假设，即商业周期同步。使用广义矩量法(GMM)，研究发现，除其他因素外，贸易会导致商业周期的共同运动。这一发现支持了OCA理论的内生性假设。

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

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.