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Co-mouvement d'activité dans l'UEMOA: une approche par les corrélations dynamiques
[Activity co-mouvement in WAEMU countries: an approach based on dynamic correlation]

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  • Gammadigbé, Vigninou

Abstract

This paper brings a new lighting on the synchronization of the business cycles in the WAEMU countries. The study applies the concept of dynamic correlation to the analysis of the activity co-movement of the union. The results show the low level of synchronization of the business cycles, which makes difficult the implementation of a common monetary policy that will be advantageous to all the countries. These results lead to policy recommendations.

Suggested Citation

  • Gammadigbé, Vigninou, 2012. "Co-mouvement d'activité dans l'UEMOA: une approche par les corrélations dynamiques [Activity co-mouvement in WAEMU countries: an approach based on dynamic correlation]," MPRA Paper 42561, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:42561
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    References listed on IDEAS

    as
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    6. DIAGNE, Abdoulaye & NIANG, Abdou-Aziz, 2008. "Comouvements économiques dans les pays de la Zone CFA : Une analyse par le modèle factoriel dynamique généralisé," LEG - Document de travail - Economie 2008-08, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Co-mouvement d'activité; Cycle économique; Analyse spectrale; Corrélation dynamique; UEMOA;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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