IDEAS home Printed from https://ideas.repec.org/a/ris/integr/0679.html
   My bibliography  Save this article

What Mitigates Economic Growth Volatility in Morocco? : Remittances or FDI

Author

Listed:
  • Selmi, Refk

    () (Campus Universitaire de la Manouba)

  • Bouoiyour, Jamal

    () (University of Pau)

  • Miftah, Amal

    () (University of Paris-Dauphine)

Abstract

The purpose of the paper is twofold. First, it seeks to meticulously analyze the volatility of economic growth and financial flows in the case of Morocco, i.e., remittances and Foreign Direct Investment. Second, it attempts to address the effects of these financial flows on the economic growth volatility. We provide strong evidence that remittances are less volatile than Foreign Direct Investment with respect to the duration, intensity and volatility clustering. Furthermore, remittances can mitigate the volatility of growth, while Foreign Direct Investment flows amplify it. Our results do not imply that financial flows should be privileged by Moroccan authorities. In fact, our results should encourage the government to implement proactive and favourable policies geared towards productive investment.

Suggested Citation

  • Selmi, Refk & Bouoiyour, Jamal & Miftah, Amal, 2016. "What Mitigates Economic Growth Volatility in Morocco? : Remittances or FDI," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 31(1), pages 65-102.
  • Handle: RePEc:ris:integr:0679
    as

    Download full text from publisher

    File URL: http://www.e-jei.org/
    File Function: Full text
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jamal Bouoiyour & Amal Miftah, 2017. "Do Migrants Transfer Political and Cultural Norms to Their Origin Country? Some Evidence From Some Arab Countries," Working Papers 1098, Economic Research Forum, revised 05 2017.

    More about this item

    Keywords

    Economic Growth Volatility; Remittances; FDI; Morocco; Generalized Autoregressive Conditional Heteroskedasticity (GARCH) Models;

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • G00 - Financial Economics - - General - - - General

    Statistics

    Access and download statistics

    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:ris:integr:0679. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jong-Eun Lee). General contact details of provider: http://edirc.repec.org/data/desejkr.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.