Identifying and characterizing the business cycle: the case of Morocco

Aicha Elalaoui
Authors registered in the RePEc Author Service: Aicha El Alaoui ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper describes the key features of the Moroccan business cycles during the period 1980:q1-2012:q1. In particular, this paper identifies the chronologies in classical and growth cycles (expansion and contraction phases and full cycles in real gross domestic product). Using the modified BB algorithm, I have found eight business cycles and the ninth is not yet achieved. Then, I have would to analysis of the main features in these cycles by applying the method of Harding and Pagan (2001) which has shown that the Moroccan economy characterized by the average cumulative gain is more important than the cumulative loss and by the domination of expansion phases.

Keywords: Classical cycle; Growth cycle; HP filter; Morocco (search for similar items in EconPapers)
JEL-codes: E2 E23 E3 E30 E32 (search for similar items in EconPapers)
Date: 2014-03, Revised 2014-05
New Economics Papers: this item is included in nep-ara and nep-mac
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https://mpra.ub.uni-muenchen.de/56879/1/MPRA_paper_56879.pdf revised version (application/pdf)

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