000293246 001__ 293246
000293246 005__ 20250311111543.0
000293246 0247_ $$2doi$$a10.71609/iheid-1cek-a195
000293246 037__ $$aBOOK
000293246 245__ $$aCharacteristics of Tunisian business cycle and international synchronisation
000293246 260__ $$aGeneva$$bThe Graduate Institute of International and Development Studies$$c2015
000293246 269__ $$a2015
000293246 300__ $$a18 p. + 5 p. d'Appendix
000293246 336__ $$aPapers and Reports
000293246 490__ $$aGraduate Institute of International and Development Studies Working Paper ; no. 16/2015
000293246 520__ $$aIn this paper, we have applied spectral and cross spectral analysis techniques as an alternative approach to characterize the Tunisian business cycle and measure the degree of its international synchronization. As a robustness check, we have applied these techniques to the industrial production (overall and manufacturing IPI) as well as two synthetic indexes: a dynamic factor and a diffusion index. We found the presence of two types of cycles: a minor cycle of 12.5 quarters (3.1 years) detected in Tunisia and in all its European trade partners and a major cycle of 33.3 quarters (8.3 years) observed in the majority of the cycles studied. The cross–spectral analysis provides a strong evidence of synchronization of the Business cycle in Tunisia and its European partners, particularly at high frequencies. The volatility of the Tunisian business cycle is generally lower than that of the European cycle. It is even lower for longer cycles. The transmission of cyclical shocks from the Euro Area to Tunisia is instantaneous for short cycles. The delays are much longer for the major cycles. They can reach 5 to 6 quarters.
000293246 700__ $$aBhoury, Mehdi
000293246 700__ $$aSlim Mouha, Mohamed
000293246 8564_ $$90a3c2edf-3c94-40c7-908d-5ae8471116e8$$s10932766$$uhttps://repository.graduateinstitute.ch/record/293246/files/heidwp16-2015_2.pdf
000293246 901__ $$uInternational Economics Department$$0319285
000293246 909CO $$ooai:repository.graduateinstitute.ch:293246$$pIHEID:Infonet$$pGLOBAL_SET$$pIHEID:Infonet_CFD$$pIHEID:Infonet_CTEI$$pIHEID:Infonet_CCDP$$pIHEID:Explore$$pIHEID:Infonet_IE
000293246 937__ $$aWP-2015-131
000293246 980__ $$aINFONET
000293246 980__ $$aWP