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Business Cycle Synchronization: A Mediterranean Comparison

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  • Imed Medhioub

    ()
    (High Trade School, UREP Laboratory, Sfax, Tunisia)

Abstract

Nowadays, due to the world economic regionalization, business cycle synchronization is of great importance. It is in this context that this study is defined. Indeed, following the political debates carried out especially by France in order to create a Mediterranean Union, we propose a synchronism estimation between the Tunisian, French, Italian, Spanish, Greek and Turkish industrial cycles. Several methods were used to measure the business cycles synchronization among these countries. In fact, concordance index indicates a weaker convergence between the two Mediterranean sides. Consequently, the cycles are, in general, asynchronous and the creation of a Mediterranean Union is not encouraged.

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Bibliographic Info

Paper provided by Economic Research Forum in its series Working Papers with number 527.

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Length: 17 pages
Date of creation: Jun 2010
Date of revision: Jun 2010
Publication status: Published by The Economic Research Forum (ERF)
Handle: RePEc:erg:wpaper:527

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Cited by:
  1. Pami Dua & Vineeta Sharma, 2013. "Measurement And Patterns Of International Synchronization-- A Spectral Approach," Working papers 224, Centre for Development Economics, Delhi School of Economics.

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