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Développement financier, flux financiers et croissance économique

Author

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  • Florent Deisting

    (CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

  • Farid Makhlouf

    (CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

  • Adil Naamane

    (CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

Abstract

Dans ce papier, nous analysons la relation empirique entre le développement financier mesuré par les crédits et la croissance économique au Maroc, ainsi que les canaux de transmission entre les deux variables. En utilisant un modèle VAR pour des données annuelles (1975-2010,) nous avons trouvé qu'un choc positif du développement financier favorise la croissance économique. Cet effet passe plutôt par les transferts de fonds des migrants et les échanges commerciaux. This paper attempts to explore the empirical relationship between credit as proxy to financial development and economic growth in Morocco, and transmission channel between these two variables. We used annually data from 1975 to 2010 and VAR model to examine the impact of financial development on economic growth. We found that financial development induce economic growth via remittance and trade.

Suggested Citation

  • Florent Deisting & Farid Makhlouf & Adil Naamane, 2012. "Développement financier, flux financiers et croissance économique," Working Papers hal-01885156, HAL.
    • Handle: RePEc:hal:wpaper:hal-01885156
    Note: View the original document on HAL open archive server: https://univ-pau.hal.science/hal-01885156
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    Keywords

    Financial development; Financial flows; Economic growth; VAR; Morocco;
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