Canova, FabioCiccarelli, MatteoUniversitat Pompeu Fabra. Departament d'Economia i Empresa2017-07-262017-07-262011-01-01Journal of International Economics, 88, 162-175, 2012http://hdl.handle.net/10230/11718We investigate macroeconomic fluctuations in the Mediterranean basin, 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 coexist are local and transitory. The cyclical outlook for the next few years is rosier for the East than for the West.application/pdfengL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commonsinfo:eu-repo/semantics/workingPaperbayesian methods; business cycles; mediterranean basin; developing and developed countries.Macroeconomics and International Economicsinfo:eu-repo/semantics/openAccess