Décrire le cycle économique en Tunisie

Fathi Elachhab

Economie & Prévision, 2009, vol. n° 189, issue 3, 75-92

Abstract: This article describes the business cycle in Tunisia ? in terms of the ?classical cycle? and the ?growth cycle?? andcharacterizes its main regularities. We find that : (1) classical-cycle contraction phases are heterogeneous and triggeredmainly by external shocks ; (2) supply shocks, unrelated to demand shocks, are the chief determinant of economic activityfluctuations ; (3) Tunisian growth-cycle regularities differ from those observed in Morocco and Jordan ; (4) the Tunisiangrowth cycle is weakly synchronized with those of Jordan and Morocco, owing to a strong idiosyncratic component and alow common-shock weight.

Keywords: cyclical regularities; structural VAR; unobservable component model; synchronization (search for similar items in EconPapers)
Date: 2009
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Journal Article: Décrire le cycle économique en Tunisie (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cai:ecoldc:ecop_189_0075

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