ClubMed? Cyclical fluctuations in the Mediterranean basin

Fabio Canova and Matteo Ciccarelli

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: We investigate macroeconomic fluctuations in the Mediterranean basin, their similarities and convergence. A model with four indicators, roughly covering the West, the East and the Middle East and the North Africa portions of the Mediterranean, characterizes well the historical experience since the early 1980. Idiosyncratic causes still dominate domestic cyclical fluctuations in many countries. Convergence and divergence coexist are local and transitory. The cyclical outlook for the next few years is rosier for the East than for the West.

Keywords: Bayesian Methods; Business cycles; Mediterranean basin; Developing and developed countries. (search for similar items in EconPapers)
JEL-codes: C11 C33 E32 (search for similar items in EconPapers)
Date: 2011-01, Revised 2012-03
New Economics Papers: this item is included in nep-ara and nep-mic
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Citations: View citations in EconPapers (32)

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Related works:
Working Paper: ClubMed? Cyclical Fluctuations in the Mediterranean Basin (2015)
Journal Article: ClubMed? Cyclical fluctuations in the Mediterranean basin (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:1258

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