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Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco

Received: 22 May 2015     Accepted: 28 May 2015     Published: 9 June 2015
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Abstract

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.

Published in Journal of World Economic Research (Volume 4, Issue 3)
DOI 10.11648/j.jwer.20150403.14
Page(s) 83-91
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Economic Growth, Export, Import, Granger Causality, Cointegration, VECM

References
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Cite This Article
  • APA Style

    Aicha El Alaoui. (2015). Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco. Journal of World Economic Research, 4(3), 83-91. https://doi.org/10.11648/j.jwer.20150403.14

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    ACS Style

    Aicha El Alaoui. Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco. J. World Econ. Res. 2015, 4(3), 83-91. doi: 10.11648/j.jwer.20150403.14

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    AMA Style

    Aicha El Alaoui. Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco. J World Econ Res. 2015;4(3):83-91. doi: 10.11648/j.jwer.20150403.14

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  • @article{10.11648/j.jwer.20150403.14,
      author = {Aicha El Alaoui},
      title = {Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco},
      journal = {Journal of World Economic Research},
      volume = {4},
      number = {3},
      pages = {83-91},
      doi = {10.11648/j.jwer.20150403.14},
      url = {https://doi.org/10.11648/j.jwer.20150403.14},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20150403.14},
      abstract = {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.},
     year = {2015}
    }
    

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  • TY  - JOUR
    T1  - Causality and Cointegration Between Export, Import and Economic Growth: Evidence from Morocco
    AU  - Aicha El Alaoui
    Y1  - 2015/06/09
    PY  - 2015
    N1  - https://doi.org/10.11648/j.jwer.20150403.14
    DO  - 10.11648/j.jwer.20150403.14
    T2  - Journal of World Economic Research
    JF  - Journal of World Economic Research
    JO  - Journal of World Economic Research
    SP  - 83
    EP  - 91
    PB  - Science Publishing Group
    SN  - 2328-7748
    UR  - https://doi.org/10.11648/j.jwer.20150403.14
    AB  - 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.
    VL  - 4
    IS  - 3
    ER  - 

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Author Information
  • Polyvalent Laboratory of Research and Development, (PLRD) BeniMellal, University Sultan My Slimane, BeniMellal, Morocco

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