000			01924nam a22001577a 4500
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100			_aJimoh, Sodiq Olaiwola and Chua, Soo Y _957566
245			_aBusiness cycle synchronisation and regional migration: Testing the OCA criteria in the West African region
260			_aThe Indian Journal of Labour Economics
300			_a 67(1), Jan-Mar, 2024: p.97-108
520			_aThe West African region is on the verge of forming a monetary union. Many studies have examined the feasibility of monetary unions using criteria such as trade and financial integrations. However, labour migration which is one of the criteria has been neglected in previous studies. This study filled the gap by using Abel and Cohen's (Bilateral international migration flow estimates for 200 countries 6(1):1–13, 2019) data between 1996–2019 to examine the impact of migration flows on business cycle synchronisation using the IV-2SLS technique in the West African region. The study reveals that migration flow, specialisation of industry, and financial integrations spur business cycle synchronisation, while regional trade integration does not significantly impact business cycle synchronisation. However, the interactive terms of trade integrations and migration flow positively influenced business cycle synchronisation in the region. These findings suggest a likelihood of optimum currency area in the West African region.- Reproduced https://link.springer.com/article/10.1007/s41027-024-00480-x
650			_aWest African Monetary Union, Business Cycle Synchronisation, Labour Migration, Optimum Currency Area, Financial Integration, Trade Integration, Migration Flow, IV-2SLS Technique, Industry Specialisation, Regional Economics, Abel and Cohen Data, Economic Convergence _957567
773			_aThe Indian Journal of Labour Economics
906			_aLABOUR MIGRATION
942			_cAR