文章基本信息

标题：Synchronization of the Economic Cycle and Financial Integration: The Case of the Maghreb Countries
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作者：Kaouther Amiri ; Ahlem Dakhlaoui ; Besma Talbi 等
期刊名称：Journal of Business Studies Quarterly
电子版ISSN：2152-1034
出版年度：2012
卷号：4
期号：2
页码：85-102
出版社：Journal of Business Studies Quarterly
摘要：Financial integration is largely dependent on the synchronization of business cycles of partner countries. The association agreements may participate in an increased degree of synchronization of business cycles in a group of countries belonging to the same geographical area or economic. Many economists have highlighted the role of financial integration and monetary cycle synchronization Fiess 2005. The analysis shows that the pulses are usually followed by pulses of equal magnitude. This reinforces the perception that the shocks are relatively persistent. It also seems that there is some tendency for the violent impulses of the INF and GDP occur together. These two results imply that during these years, the business cycle in Tunisia is defined by active movements with high volatility. More broadly, it appears that chronic cyclical innovations in Tunisia consists of a mixture of large and pulses of moderate size. If innovations were all calculated size, business cycles would most likely be similar. In Tunisia, each economic cycle is different.
关键词：financial integration; business cycle synchronization; Maghrebian countries; amplitude of cyclical economic; impulse function; VAR; variance decomposition.