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The Endogeneity Of Business Cycle Synchronisation In Southern African Development Community

Author

Listed:
  • NTOKOZO PATRICK NZIMANDE

    (School of Accounting, Economics & Finance, University of KwaZulu-Natal, Private Bag X54001, Durban, South Africa)

  • HAROLD NGALAWA

    (School of Accounting, Economics & Finance, University of KwaZulu-Natal, Private Bag X54001, Durban, South Africa)

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.

Suggested Citation

  • Ntokozo Patrick Nzimande & Harold Ngalawa, 2019. "The Endogeneity Of Business Cycle Synchronisation In Southern African Development Community," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 19(02), pages 1-12, June.
    • Handle: RePEc:wsi:gejxxx:v:19:y:2019:i:02:n:s2194565919500106
    DOI: 10.1142/S2194565919500106
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