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Spillovers From Europe Into Morocco and Tunisia
Author:
Mr. Daniel Florea null

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Mr. Joël Toujas-Bernate
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Mr. Reinout De Bock
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Series:
IMF Working Papers
Volume/Issue:
Volume 2010: Issue 238
Language:
English
Publication Date:
01 Oct 2010
DOI:
https://doi.org/10.5089/9781455209385.001
ISBN:
9781455209385
ISSN:
1018-5941
Pages:
21
Keywords:
WP; Morocco; Tunisia; Spillovers; Trade; Business cycles; Transmission channels; EU partner country; GDP growth; EU share; EU merchandise import; EU import; places Morocco; EU area; EU trade flow; Exports; Tourism; Remittances; Foreign direct investment; Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund