The Effect of Trade, Specialization and Financial Integration on Business Cycles Synchronization in Some Mediterranean Countries

Nabil Alimi

Asian Economic and Financial Review, 2015, vol. 5, issue 1, 110-118

Abstract: The aim of this paper is to study if bilateral trade, similarity of specialization and capital flows between some Mediterranean countries (Egypt, Morocco, Tunisia and Turkey) and their main European partners (Germany, France and Italy) have an impact on Business cycles synchronization. Using the system Generalized Method of Moments (GMM) for dynamic panel over the period of 1980 to 2010, the study found a positive relationship between bilateral trade and similarity of specialization on one hand and business cycle correlation on the other hand. However, financial flows remain without significant effect on business cycle synchronization.

Keywords: Business cycles synchronization; Trade intensity; Specialization; Financial integration; Mediterranean economies; GMM system. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://archive.aessweb.com/index.php/5002/article/view/1324/1876 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:asi:aeafrj:v:5:y:2015:i:1:p:110-118:id:1324

Access Statistics for this article

More articles in Asian Economic and Financial Review from Asian Economic and Social Society
Bibliographic data for series maintained by Robert Allen ().