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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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  • Imed Medhioub, 2010. "Business Cycle Synchronization: A Mediterranean Comparison," Working Papers 527, Economic Research Forum, revised 06 Jan 2010.
  • Handle: RePEc:erg:wpaper:527
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    References listed on IDEAS

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    Cited by:

    1. Mehdi Bhoury & Mohamed Slim Mouha, 2015. "Characteristics of the Tunisian Business Cycle and its International Synchronization," IHEID Working Papers 16-2015, Economics Section, The Graduate Institute of International Studies.
    2. 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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