Is regional integration in the CFA zone sustainable?

被引：1
|
作者：
Gnimassoun, Blaise [1 ]
Avom, Desire [2 ]
Massil, Joseph Keneck [3 ]
机构：
[1] Univ Lorraine, CNRS, BETA, Nancy, France
[2] Univ Dschang, Dschang, Cameroon
[3] Univ Paris Nanterre, CNRS, EconomiX, Nanterre, France
来源：
APPLIED ECONOMICS | 2018年 / 50卷 / 48期
关键词：
Regional integration; Trade; International migration; Synchronization of macroeconomic cycles; BUSINESS-CYCLE SYNCHRONIZATION; OPTIMUM CURRENCY AREAS; TRADE INTENSITY; MONETARY UNION; WEST-AFRICA; INCOME; GROWTH; COUNTRIES; SHOCKS;
D O I：
10.1080/00036846.2018.1486015
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article aims to study the long-term sustainability of regional integration in the (Communaute Financiere Africaine) CFA zone, based on the theory of the endogeneity of monetary zones. To this end, we consider trade and intra-CFA migration as the two quantitative vectors of regional integration. Using robust estimation techniques to overcome the endogeneity bias, our results show that integration in the CFA zone is moderately sustainable. More precisely, while the monetary unions of the CFA zone, in particular that of the WAEMU, contribute to reinforcing the intra-regional mobility of goods and people, they fail to induce strong synchronization of the macroeconomic cycles.
引用
收藏
页码：5220 / 5237
页数：18
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