Template-Type: ReDIF-Article 1.0
Author-Name: Anouar MAJDOUBI
Author-Email: ezzarzaria@gmail.com
Author-Workplace-Name: Faculty of Economics and Management, Ibn Tofail University of Kenitra, Morocco
Author-Name: Lalla Zhor ALAOUI OMARI
Author-Email: ezzarzaria@gmail.com
Author-Workplace-Name: Faculty of Economics and Management, Ibn Tofail University of Kenitra, Morocco
Title: Balance of payments constrained growth model: an Application for Morocco (1980-2018)
Abstract: The aim of this study is to test the validity of Thirlwall’s Law in Morocco from 1980 to 2018 period using an Autoregressive Distributed Lag (ARDL) Bounds testing approach. The empirical results suggest that import is co-integrated with relative price and income, and the actual growth rate was found to be equal to the predicted growth rate by the balance of payments. Thus, The thirlwall’s law holds for Morocco.  This study proposes, also, some policy recommendations to reduce the trade deficits. JEL Classification : E12, F14,F32, F43, Paper type: Empirical research
Keywords: balance of payments, Thirlwall’s Law, ARDL, growth, import elasticity, Morocco
Journal: International Journal of Accounting, Finance, Auditing, Management and Economics
Pages: 266-276
Volume: 1
Issue: 3
Year: 2020
File-URL: https://ijafame.org/index.php/ijafame/article/view/47
File-Format: text/html
File-URL: https://ijafame.org/index.php/ijafame/article/view/47/47
File-Format: application/pdf
Handle: RePEc:aoa:journl:v:1:y:2020:i:3:p:266-276