Are the Arab Maghreb countries really integratable?

Ali F Darrat and Anita Pennathur

Review of Financial Economics, 2002, vol. 11, issue 2, 79-90

Abstract: The main objective of this study is to assess the extent of economic and financial integration among the countries in the Arab Maghreb region. Empirical results consistently suggest that three of these countries (Algeria, Morocco, and Tunisia) do share a robust and meaningful relation binding together their macroeconomies, their financial markets, and their monetary policies, at least over the long‐term horizon. Therefore, the failure, thus far of these countries to achieve a genuine regional integration is likely caused by socio‐political factors rather than by economic or financial incompatibility. Of course, the presence of a potent long‐run relation among the three countries should motivate further efforts towards the creation of an effective regional integration. The results suggest that such efforts should start with improving the structure and the operation of the Arab Maghreb Union which, despite its current feeble status, has apparently strengthened economic and financial ties among countries in the region.

Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1016/S1059-0560(02)00105-3

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:wly:revfec:v:11:y:2002:i:2:p:79-90

Access Statistics for this article

More articles in Review of Financial Economics from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().