IDEAS home Printed from https://ideas.repec.org/a/pkp/ijobem/v9y2022i4p109-120id3070.html
   My bibliography  Save this article

The Exchange Rate Volatility and Moroccan Exports: An Empirical Investigation

Author

Listed:
  • Achraf Louati
  • Abdellah Echaoui
  • Abdelatif Mouatassim

Abstract

This article aims to study exchange rate volatility and its impact on exports. We examine using a VECM model the relationship between Moroccan exports and the volatility of the real effective exchange rate, over a period from the first quarter of 2000 to the first quarter of 2017. The methodology adopted takes into account the long-term relationship term between the variables, using the moving standard deviation as a measure of volatility and real-world GDP as a proxy for global demand. Although a large number of empirical studies find that exchange rate volatility tends to reduce the level of foreign trade. Our results indicate that the increase in exchange rate volatility has a positive effect on the demand for Moroccan exports. Also, the short-term dynamics show that the Granger causal effects of volatility on real exports are significant. Moreover, this article joins the empirical studies that confirm the risk-loving behaviour of exporters in the face of risk of fluctuating exchange rates.

Suggested Citation

  • Achraf Louati & Abdellah Echaoui & Abdelatif Mouatassim, 2022. "The Exchange Rate Volatility and Moroccan Exports: An Empirical Investigation," International Journal of Business, Economics and Management, Conscientia Beam, vol. 9(4), pages 109-120.
    • Handle: RePEc:pkp:ijobem:v:9:y:2022:i:4:p:109-120:id:3070
    as

    Download full text from publisher

    File URL: https://archive.conscientiabeam.com/index.php/62/article/view/3070/6818
    Download Restriction: no
    File URL: https://archive.conscientiabeam.com/index.php/62/article/view/3070/6946
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pkp:ijobem:v:9:y:2022:i:4:p:109-120:id:3070. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dim Michael (email available below). General contact details of provider: https://archive.conscientiabeam.com/index.php/62/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.