Héctor Cárcel Villanova, NCID Research Assistant, will present his master thesis “Fractional Integration in the West African Economic and Monetary union”, which he completed under the supervision of NCID Resident Fellow Professor Gil-Alaña.
The thesis examines the time series behaviour of three variables (GDP, price level of consumption and population) in the eight countries that belong to the West African Economic and Monetary Union (WAEMU), which are Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
The reason for carrying out this study lies on the considerable heterogeneity that can be perceived in the data from these countries. A long memory and a fractional integration modeling framework are conducted and potential breaks are also identified. The aim of the study has been to perceive up to which degree the eight West African countries that belong to the same monetary union follow the same stability economic patterns.
Hector Cárcel Villanova is a research assistant at the Navarra Center for International Development. He completed the International Degree in Economics at the University of Navarra with exchanges at Copenhagen Business School, Denmark; Queen’s University,Canada; and IESE Business School, Madrid. He has recently completed the master in Economics and Finance (MEF) at the University of Navarra.