Volume 4, Issue 3, June 2015, Page: 83-91
Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco
Aicha El Alaoui, Polyvalent Laboratory of Research and Development, (PLRD) BeniMellal, University Sultan My Slimane, BeniMellal, Morocco
Received: May 22, 2015;       Accepted: May 28, 2015;       Published: Jun. 9, 2015
DOI: 10.11648/j.jwer.20150403.14      View  4766      Downloads  175
This article investigates the relationship between export, import and economic growth using annual time series data for the Moroccan economy over the period 1980-2013. The cointegration technique has been employed to see the long run equilibrium relationship among variables. For this end, Granger causality test based on vector error correction model (VECM) has been adopted to see both short and long run causality among the variables. The cointegration results confirm the existence of the long-run relationship among these variables. For the short-run causality, the findings suggest (i) bidirectional causality between economic growth and import, (ii) unidirectional causality that run from export to import, and (iii) no-directional causality between economic growth and export.
Economic Growth, Export, Import, Granger Causality, Cointegration, VECM
To cite this article
Aicha El Alaoui, Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco, Journal of World Economic Research. Vol. 4, No. 3, 2015, pp. 83-91. doi: 10.11648/j.jwer.20150403.14
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