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Développement financier et croissance économique. Le cas du Maroc
[Financial development and economic growth. The case of Morocco]

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  • sekali, jamal

Abstract

This article proposes to examine the relation between the development of financial intermediation and the economic growth of Morocco for the period 1980-2015. We use the autoregressive time-lag model to model the long-term and short-run dynamics of the impact of financial intermediation on Morocco's growth rate. Econometric estimates show that when measuring the financial development of the banking market by the following variable: bank credit (BC), one generally arrives at a positive and significant link between the financial development of the banking market and economic growth. Second, when we measure the financial development of the stock market by market capitalization (MC), we arrive at a positive link between the financial development of the stock market and economic growth.

Suggested Citation

  • sekali, jamal, 2018. "Développement financier et croissance économique. Le cas du Maroc [Financial development and economic growth. The case of Morocco]," MPRA Paper 89473, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:89473
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    References listed on IDEAS

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    More about this item

    Keywords

    Développement financier; croissance économique; cointégration; modèle ARDL.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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