La gestion structurelle des déficits jumeaux au Maroc et la recherche d’une stratégie d’équilibre

Structural management of twin deficits in Morocco and Finding an equilibrium strategy

Meriem Demdoumi

MPRA Paper from University Library of Munich, Germany

Abstract: During these last years, Morocco has almost always known at the same time a budget deficit and a current account deficit. So we can conclude prematurely the existence of a structural problem of twin deficits over a long period. The article introduces in addition to the two balances, the variable transfers of MREs - second source of foreign currency after the tourist returns - as a participatory variable to the equilibrium of the current transactions and verify the hypothesis of the twin deficits using econometric tools, notably the method of Co-integration - to test the long-term relationship - and the method of Granger causality - to know the direction of causality -. The results confirm the twin deficits hypothesis for Morocco for the period from 1980 to 2014 and show bidirectional causality between the variables and the lack of a balanced strategy.

Keywords: Twin deficit; Transfers of MREs; Co-integration; Granger causality; Balanced strategy. (search for similar items in EconPapers)
JEL-codes: H00 H60 (search for similar items in EconPapers)
Date: 2016, Revised 2016
New Economics Papers: this item is included in nep-ara
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