Spillovers From Europe Into Morocco and Tunisia

Daniel Florea, Joël Toujas-Bernate and Reinout De Bock

No 2010/238, IMF Working Papers from International Monetary Fund

Abstract: This paper examines the economic and financial linkages between Morocco and Tunisia and their European partners. Using structural vector autoregressions, we find that growth shocks in European partner countries generate significant responses on growth in Morocco and Tunisia. For Tunisia, exports and, to a much lesser extent, tourism appear to be the major transmission channels. In Morocco, exports, remittances and tourism play relatively equal roles. An analysis with sectoral data supports these results.

Keywords: WP; Morocco; Tunisia; Spillovers; Trade; Business cycles; Transmission channels; EU partner country; GDP growth; EU share; EU merchandise import; EU import; places Morocco; EU area; EU trade flow; Exports; Tourism; Remittances; Foreign direct investment; Europe (search for similar items in EconPapers)
Pages: 21
Date: 2010-10-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24294 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2010/238

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().