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Comovement Between Africa and Advanced Economies: 1980-2011

Author

Listed:
  • Alain Kabundi
  • Carike Claassen
  • Elsabé Loots

Abstract

This paper analyses business cycle comovement between African economies and advanced economies. It covers the period 1980 to 2011. The empirical analysis is based on the Dynamic Factor Model applied to annual data for African and G7 countries, covering the period 1980 to 2011. The results indicate that middle-income African countries show consistent business cycle […]

Suggested Citation

  • Alain Kabundi & Carike Claassen & Elsabé Loots, 2016. "Comovement Between Africa and Advanced Economies: 1980-2011," Working Papers 577, Economic Research Southern Africa.
  • Handle: RePEc:rza:wpaper:577
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    Keywords

    Business Cycle; econometric modelling; Other Macroeconomic Variables;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • G01 - Financial Economics - - General - - - Financial Crises
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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