ClubMed? Cyclical fluctuations in the Mediterranean basin

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Canova, Fabio. ClubMed? Cyclical fluctuations in the Mediterranean basin. 2011
http://hdl.handle.net/10230/11718

To cite or link this document: http://hdl.handle.net/10230/11718

Title:	ClubMed? Cyclical fluctuations in the Mediterranean basin
Author:	Canova, Fabio
Other authors:	Universitat Pompeu Fabra. Departament d'Economia i Empresa
Abstract:	We investigate the similarities of macroeconomic fluctuations in the Mediterranean basin and their convergence. A model with three geo-political indicators, covering the West, the East and the MENA portions of the Mediterranean, characterizes well the historical experience since the early 1980. Convergence and divergence coexist in the region and are reversible. Except for the West, domestic cyclical fluctuations are still due to national and idiosyncratic causes. The outlook for the next few years looks rosier for the MENA and the East blocks than for the West.
Document type:	Working paper
Date:	2011
Rights:	Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)