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Fluctuations conjoncturelles et croissance tendancielle de l’économie Marocaine
[Cyclical Variations and Trend of Growth: Evidence from Moroccan Economy]

Author

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  • Achiq, Mohamed
  • Ghassan, Hassan B.
  • Meslouhi, Khalil

Abstract

This paper estimates the smoothed-GDP of Moroccan economy since 1958. We use advanced techniques, as in the public and private international organizations, such the Hodrick-smoothing Presscott and Beveridge-Nelson decomposition. The results identified and quantified, in addition to an economic, monetary and fiscal reading-grids greatly expanded around six business cycles. These cycles show significant effects of the government policy and the climate hazards. This latter seems to amplify the extent of the cycles. The GDP-Cycles, apart the agricultural sector, appear to be relatively more sensitive to the economic conjuncture and the international environment especially of the main partners.

Suggested Citation

  • Achiq, Mohamed & Ghassan, Hassan B. & Meslouhi, Khalil, 1998. "Fluctuations conjoncturelles et croissance tendancielle de l’économie Marocaine [Cyclical Variations and Trend of Growth: Evidence from Moroccan Economy]," MPRA Paper 56437, University Library of Munich, Germany, revised 03 Dec 1998.
    • Handle: RePEc:pra:mprapa:56437
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    File URL: https://mpra.ub.uni-muenchen.de/56437/1/MPRA_paper_56437.pdf
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    References listed on IDEAS

    as
    1. David T. Coe & C. John McDermott, 1997. "Does the Gap Model Work in Asia?," IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 59-80, March.
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    Cited by:

    1. Ghassan, Hassan B., 2001. "Estimation Robuste des Equations d’Importation à Contamination Ponctuelle [Robust estimation of the Equations of Punctual contaminated Imports]," MPRA Paper 56429, University Library of Munich, Germany, revised 28 Sep 2001.
    2. Ghassan, Hassan B., 2003. "Test de l’effet de stabilisation automatique par la modélisation SVAR sans contrainte de long terme [Testing the Automatic Stabilization Effect: Evidence from SVAR Model without Long-Term Constrain," MPRA Paper 56387, University Library of Munich, Germany, revised 02 Apr 2003.
    3. Ghassan, Hassan B., 2003. "Test de l’équivalence Ricardienne par la Modélisation SVAR [Ricardian Equivalence Test by SVAR Modeling]," MPRA Paper 56459, University Library of Munich, Germany, revised 05 Mar 2004.

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    More about this item

    Keywords

    Decomposition; Economic Cycle; GDP; Growth; Smoothing; trend; Morocco.;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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