Export Diversification and Economic Growth in Morocco: An Econometric Analysis
Bilal Lotfi and
Mohamed Karim ()
Applied Economics and Finance, 2017, vol. 4, issue 6, 27-35
Since the work of Imbs and Wacziarg (2003), most recent studies confirm a positive relationship between export diversification and income per capita (Cadot et al., 2011; Agosin et al., 2012). Therefore, export diversification appears as an important lever for economic growth. This type of export strategy contradicts the conventional theories of international trade, such as ricardien model, which considers that countries should specialize in the production of goods for which they have a comparative advantage. However, recent literature and international experience have shown that more diversified countries tend to have faster and inclusive economic growth (Hesse, 2009). Thereby, export diversification can also help to improve international competitiveness, especially in developing contries. For the case of Morocco, this conclusion suggests that greater stage of export diversification would lead to a higher level of economic development.
Keywords: export diversification; economic growth; VECM (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:rfa:aefjnl:v:4:y:2017:i:6:p:27-35
Access Statistics for this article
More articles in Applied Economics and Finance from Redfame publishing Contact information at EDIRC.
Bibliographic data for series maintained by Redfame publishing ().