Synchronisation cyclique globale entre les économies subsahariennes et les économies avancées

Cyclical Synchronization Between Sub-Saharan Economies and Advanced Economies

François Patrick Menounga and Armand Manga Akoa

MPRA Paper from University Library of Munich, Germany

Abstract: The intensification of international trade, reinforced by the interconnection of financial markets and the appearance of common economic shocks are the elements that contribute to explaining the co-movements of advanced and sub-Saharan economies. In this study, it is a question of measuring the global cyclical synchronization of the economies referred to above, over the period going from 1981.T1 to 2021.T1, from the concordance index of Harding and Pagan (2006). Overall, this analysis shows that the level of cyclical synchronization between the economies of sub-saharan and advanced countries is high enough to justify the strong economic dependence between these two groups of countries.

Keywords: Synchronization; concordance index; economic dependence. (search for similar items in EconPapers)
JEL-codes: E32 E39 F15 F19 (search for similar items in EconPapers)
Date: 2023-05-30
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