Spillovers From Europe Into Morocco and Tunisia
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper examines the economic and financial linkages between Morocco and Tunisia and their European partners. Using structural vector autoregressions, we find that growth shocks in European partner countries generate significant responses on growth in Morocco and Tunisia. For Tunisia, exports and, to a much lesser extent, tourism appear to be the major transmission channels. In Morocco, exports, remittances and tourism play relatively equal roles. An analysis with sectoral data supports these results.
Series:
Working Paper No. 2010/238
Subject:
Balance of payments Economic sectors Exports Foreign direct investment Foreign exchange International trade Remittances Tourism
English
Publication Date:
October 1, 2010
ISBN/ISSN:
9781455209385/1018-5941
Stock No:
WPIEA2010238
Pages:
21
Please address any questions about this title to publications@imf.org