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Synchronization between South Africa and the U.S.: A Structural Dynamic Factor Analysis

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  • Alain Kabundi

Abstract

This paper studies the synchronization of economic variables between South Africa and the US. In addition it examines transmission channels through which supply and demand shocks from the US effect economic activity in South Africa. We use a structural dynamic factor model approach, instead of the well known structural vector autoregressive method, as it accommodates […]

Suggested Citation

  • Alain Kabundi, 2007. "Synchronization between South Africa and the U.S.: A Structural Dynamic Factor Analysis," Working Papers 050, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:050
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    References listed on IDEAS

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    1. Ayhan Kose, M. & Otrok, Christopher & Whiteman, Charles H., 2008. "Understanding the evolution of world business cycles," Journal of International Economics, Elsevier, vol. 75(1), pages 110-130, May.
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    Cited by:

    1. Alain Kabundi & Rangan Gupta & Sonali Das, 2008. "Is a DFM well suited for forecasting regional house price inflation?," Working Papers 085, Economic Research Southern Africa.

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    More about this item

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F00 - International Economics - - General - - - General

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