Global Financial Crisis and Africa: Is the Impact Permanent or Transitory? Time Series Evidence from North Africa

S-Tier
Journal: American Economic Review
Year: 2011
Volume: 101
Issue: 3
Pages: 577-81

Authors (2)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:aea:aecrev:v:101:y:2011:i:3:p:577-81
Journal Field
General
Author Count
2
Added to Database
2026-01-29