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This paper studies the effects of intra-industry trade on the business cycles synchronization in the Economic Community of West African States (ECOWAS) over the period 2000-2022. The analysis is based on a two-digit Harmonized System (HS) classification, which provides a coherent and homogeneous gro...
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| Auteurs principaux: | , |
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| Format: | Article ou chapitre numérique |
| Sprog: | Français |
| Udgivet: |
2026
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| Online adgang: | Accès Université d'Orléans et IFPM |
| Summary: | This paper studies the effects of intra-industry trade on the business cycles synchronization in the Economic Community of West African States (ECOWAS) over the period 2000-2022. The analysis is based on a two-digit Harmonized System (HS) classification, which provides a coherent and homogeneous grouping of trade flows between countries with low trade intensity. It also uses the GMM estimator to deal with endogeneity problems. The results suggest a positive and significant relationship between intra-industry trade intensity and business cycle synchronization. Thus, policies aimed at promoting the development of sub-regional trade are likely to contribute to cycle synchronization, and to create a favorable environment for the establishment of a common currency in ECOWAS. Furthermore, the harmonization of fiscal policies will also facilitate the synchronization of business cycles through its impact on intra-branch trade. |
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