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Spillovers from Europe into Morocco and Tunisia

Author/Editor: De Bock, Reinout | Florea, Daniel | Toujas-Bernate, Joël
Authorized for Distribution: October 1, 2010
Electronic Access: Free Full Text (PDF file size is 1,164KB)
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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.
 
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Series: Working Paper No. 10/238
Subject(s): Business cycles | Cross country analysis | Economic growth | Economic recession | Europe | Exports | External shocks | Inward remittances | Morocco | Spillovers | Tourism | Tunisia
Author's keyword(s): Morocco; Tunisia; Spillovers; Trade; Business cycles; Transmission channels
 
English  
    Published:   October 1, 2010        
            Format:   Paper
    Stock No:   WPIEA2010238   Pages:   21
    Price:   US$18.00 (Academic Rate: US$18.00 )
       
     
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