Has Agricultural Specialization Synchronized Business Cycles in The Waemu?
This paper analyses the cyclical impact of agricultural productivity shock on macroeconomic fluctuations in West African Economic and Monetary Union (WAEMU) in order to determine its nature covering the period of 1960 to 2021. Since the advantage of an economic union is the reduction of the effects of asymmetric shocks and the better management of symmetric shocks, given the agricultural specialization of member countries, shocks to agriculture should promote the synchronization of business cycles.