External Shocks and Economic Cyclical Fluctuations in Ivory Coast

Sieni Toussaint Oulai

Working Papers from African Economic Research Consortium

Abstract: This study examines and compares the impact of external shocks with that of internal shocks over economic cyclical fluctuations in Ivory Coast. We will use a Structural Vector Autoregressive (SVAR) model over the period 1965-2014. The results show that shocks on the real GDP have a more significant impact on economic activity. Furthermore, internal shocks are the main cause of cyclical fluctuations in Ivory Coast, while external shocks are only secondary effects on the national economy. We argue in favour of the constitution of financial reserves, the diversification of the production sector, and progressive industrialization of the economy.

Date: 2021-09-23
Note: African Economic Research Consortium
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