Global Financial Crisis and Africa: Is the Impact Permanent or Transitory? Time Series Evidence from North Africa
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- Mark Strazicich Ph.D., Professor (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
Abstract: We utilize time series tests with structural breaks to test for an adverse impact on economic growth rates in North Africa associated with the recent US financial crisis and global recession. One or two breaks are identified for each country, except for Morocco where no break is found, while breaks coincide with the 2008 financial crisis in only two of the six countries (Libya and Mauritania). These findings suggest that, in general, shocks from the recent financial crisis have only temporary effects on economic growth in these countries. Impulse response functions with breaks confirm these results. We conclude by suggesting explanations for these findings.
Global Financial Crisis and Africa: Is the Impact Permanent or Transitory? Time Series Evidence from North Africa
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Created on 5/3/2013
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Additional Information
- Publication
- Aly, H. and Strazicich, M.C. (2011). Global Financial Crisis and Africa: Is the Impact Permanent or Transitory? Time Series Evidence from North Africa. American Economic Review: Papers and Proceedings, 101(3): 577-581 (May 2011). Published by the American Economic Association (ISSN: 0002-8282). DOI:10.1257/aer.101.3.577
- Language: English
- Date: 2011