Causality and cointegration between export, import and economic growth: evidence from Morocco

El Alaoui, Aicha

Causality and cointegration between export, import and economic growth: evidence from Morocco

MPRA Paper from University Library of Munich, Germany

Abstract: This article investigates the relationship between export, import and economic growth using annual time series data for the Moroccan economy over the period 1980-2013. The cointegration technique has been employed to see the long run equilibrium relationship among variables. For this end, Granger causality test based on vector error correction model (VECM) has been adopted to see both short and long run causality among the variables. The cointegration results confirm the existence of the long-run relationship among these variables. For the short-run causality, the findings suggest (i) bidirectional causality between economic growth and import, (ii) unidirectional causality that run from export to import, and (iii) no-directional causality between economic growth and export.

Keywords: Economic Growth; Export; Import; Granger Causality; Cointegration; VECM; Morocco (search for similar items in EconPapers)
JEL-codes: C32 F41 O11 (search for similar items in EconPapers)
Date: 2015-06
New Economics Papers: this item is included in nep-afr, nep-ara and nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Published in Journal of World Economic Research 4.3(2015): pp. 83-91

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65431

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