Spillovers From Europe Into Morocco and Tunisia

Author/Editor:

Daniel Florea ; Joël Toujas-Bernate ; Reinout De Bock

Publication Date:

October 1, 2010

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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. 10/238

Subject:

English

Publication Date:

October 1, 2010

ISBN/ISSN:

9781455209385/1018-5941

Stock No:

WPIEA2010238

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

21

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