南部非洲发展共同体商业周期同步的内生性

IF 1 Q3 ECONOMICS

Global Economy Journal Pub Date : 2019-09-04 DOI:10.1142/S2194565919500106

N. Nzimande, H. Ngalawa

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引用次数: 1

摘要

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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THE ENDOGENEITY OF BUSINESS CYCLE SYNCHRONISATION IN SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

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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来源期刊

Global Economy Journal ECONOMICS-

CiteScore

1.60

自引率

14.30%

发文量

期刊介绍： The GEJ seeks to publish original and innovative research, as well as novel analysis, relating to the global economy. While its main emphasis is economic, the GEJ is a multi-disciplinary journal. The GEJ''s contents mirror the diverse interests and approaches of scholars involved with the international dimensions of business, economics, finance, history, law, marketing, management, political science, and related areas. The GEJ also welcomes scholarly contributions from officials with government agencies, international agencies, and non-governmental organizations. One over-arching theme that unites IT&FA members and gives focus to this journal is the complex globalization process, involving flows of goods and services, money, people, and information.