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Oil price volatility and GDP for oil-importing countries: Case of Morocco
[Volatilité des prix du pétrole et PIB des pays importateurs : Cas du Maroc]

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  • Ali Sekkach

    (UIT - Université Ibn Tofaïl)

  • Nabil Boubrahimi

    (UIT - Université Ibn Tofaïl)

Abstract

Morocco is an oil-importing country. This dependency raises the likelihood that changes in oil prices may have an impact on its economic growth. This study aims to investigate the existence of an impact of oil prices on economic growth for the period of 1990 to 2020 using the Autoregressive Distributed Lag (ARDL) model of Co-integration. Results show no significant relationship between oil prices, human capital formation and economic growth for the period of study. However, the increase in gross fixed capital formation has a significant positive impact on the Moroccan economy.

Suggested Citation

  • Ali Sekkach & Nabil Boubrahimi, 2022. "Oil price volatility and GDP for oil-importing countries: Case of Morocco [Volatilité des prix du pétrole et PIB des pays importateurs : Cas du Maroc]," Post-Print hal-03748687, HAL.
    • Handle: RePEc:hal:journl:hal-03748687
    Note: View the original document on HAL open archive server: https://hal.science/hal-03748687
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    Keywords

    Oil price; economic growth; Morocco; ARDL model; GDP; Prix du pétrole; croissance économique; Maroc; modèle ARDL; PIB;
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