Dynamic impacts of commodity prices on the Moroccan economy

مقدم أطروحة جامعية

Mani, Hamzah Abd al-Allawi

مشرف أطروحة جامعية

Baijou, Ahmad

الجامعة

جامعة الأخوين

الكلية

كلية إدارة الأعمال

دولة الجامعة

المغرب

الدرجة العلمية

ماجستير

تاريخ الدرجة العلمية

2014

الملخص الإنجليزي

This paper examines the dynamic impact of commodity prices on the Moroccan economy using VAR and VEC models.

The empirical analysis of the time series analysis inspects stationarity, granger causality, cointegating vectors, and long-run and short-run relations.

The empirical results show that phosphate prices impact in the short-run Moroccan merchandise exports and GDP; however, this effect remains insignificant in the long-run.

It indicates also that variation of international energy and grain prices drive merchandise imports.

In fact, these prices impact Moroccan imports both in the short-run and the long-run.

Conversely, energy and grain prices have no effect on the Consumer Price Index (CPI).

Furthermore, unit root and structural breaks analyses of the CPI confirm the resilience of the monetary policy to energy and grain prices shocks.

Finally, the results indicate that subsidies budget increases with an increasing rate.

Hence, subsidies are more affected by factors other than energy and grain prices.

التخصصات الرئيسية

الاقتصاد و التجارة

الموضوعات

• الأحوال الاقتصادية
• الأسعار
• المغرب

عدد الصفحات

70

قائمة المحتويات

• APA
• MLA
• AMA

لغة النص

الإنجليزية

نوع البيانات

رسائل جامعية

رقم السجل

BIM-624559