Is there a crowding-out effect in the Moroccan context ? Evidence from structural VAR Analysis

Lahcen Bounader

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates the crowding out effect hypothesis in Morocco. Accordingly, the interest rate reacts to the change of the level of government spending. The Empirical results obtained from the impulse response analysis of the structural VAR model indicate the absence of such an effect. Spending in infrastructure, in communication and in welfare seem to build the basis of modern economy that will attract private investments, and the result will not be materialized in the immediat short term.

Keywords: SVAR; Fiscal policy; Real interest rate. (search for similar items in EconPapers)
JEL-codes: E22 E43 E62 (search for similar items in EconPapers)
Date: 2016-01-18
New Economics Papers: this item is included in nep-ara and nep-mac
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https://mpra.ub.uni-muenchen.de/69357/8/MPRA_paper_69357.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:69275

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