Trade and GDP Growth in Morocco: Short-run or Long-run Causality?
AbstractThis study utilizes cointegration and Granger-causality tests to examine the relationship between trade and economic growth in Morocco over the period 1960-2000 using the VEC model. The result indicate that both exports and imports enter with positive signs in the cointegration equation. The results show that imports and exports Granger caused GDP and imports Granger caused exports. These results can be interpreted as a causality from the foreign sector to the domestic growth of Morocco. Import expansion increases exports that affect the GDP growth.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 28859.
Date of creation: Jul 2003
Date of revision:
Publication status: Published in Brazilian Journal of Business and Economics n° 2.Vol 3(2003): pp. 14-21
GDP; Exports; Imports; Granger Causality; Cointegration;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
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