Business Cycle Synchronization: A Mediterranean Comparison
AbstractNowadays, 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 InfoPaper provided by Economic Research Forum in its series Working Papers with number 527.
Length: 17 pages
Date of creation: Jun 2010
Date of revision: Jun 2010
Publication status: Published by The Economic Research Forum (ERF)
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-26 (All new papers)
- NEP-ARA-2010-06-26 (Arab World)
- NEP-CWA-2010-06-26 (Central & Western Asia)
- NEP-MAC-2010-06-26 (Macroeconomics)
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