Business Cycles and Economic Convergence in the ECCAS Zone | Chapter 7 | Current Topics on Business, Economics and Finance Vol. 2

 This item is part of an investigation into trade cycles and the union of integrated economies. In contrast to the essay on business era synchronization in a monetary cause, we study the convergence of trade cycles in the Economic Community of Central African States (ECCAS), which is from monetary variety. More specifically, we extract GDP cycles utilizing the Baxter and King (1999) filter and therefore date them using the Bry and Boschan (BB, 1971) invention. In addition, two measures of convergence are secondhand: sigma-convergence, which measures the scope of convergence over period of the economies identified, and suspect-convergence, that evaluates their adjustment process to a reference advantage. The findings verbally recognize authority the asynchronous nature of trade cycles in the ECCAS district from 1990 to 2018. Also, a weak trend towards union has been noticed since 2001, both in supposed terms (swelling, basic budget balance, public debt rate) and in palpable terms (GDP/capita and GNI/capita).

Author(s) Details:

Ulrich Kevin Kamdoum Kamwa,
International Center for Research in Economics and Management for Development (ICREMD), OMAR BONGO University, Libreville, Gabon.

Please see the link here: https://stm.bookpi.org/CTBEF-V2/article/view/9795