ClubMed? Cyclical Fluctuations in the Mediterranean Basin

We investigate macroeconomic fluctuations in the Mediterranean, 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 which coexist are local and transitory. The cyclical outlook for the next few years is rosier for the East than for the West.

• Publication year

  2012

• Venue

  Journal of International Economics

• Publication date

  2012-09-01

• Fields of study

  Economics

• Identifiers
  DOI 10.1016/J.JINTECO.2012.03.007
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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