The purpose of the paper is twofold. Firstly, it attempts to analyze accurately the volatility of economic growth and financial flows (i.e. remittances and FDI) in the case of Morocco. Secondly, it tries to address the possible effects of these financial flows on the economic growth. We provide...

This paper investigates the relationship between foreign direct investment, clean energy, trade openness, carbon emissions and economic growth in case of UAE covering the period of 1975Q1-2011Q4. We have tested the unit properties of variables in the presence of structural breaks. The ARDL...

We study the behavior of the Real Effective Exchange Rate (REER) of the dirham against the European currencies (Europe of the 15), over the period 1960-2000 (annual data). We measure the volatility using standard deviation, and the misalignments as the difference between the actual REER and the...

The paper implements the autoregressive distributed lag (ARDL) bounds testing, supplemented by the Johansen-Juselius (JJ) approaches to cointegration to explore a long run relation among energy use, economic growth, financial development, capital, and trade openness in Australia. We also apply...

Morocco and Tunisia are performing in term of economic growth better than the average economic growth of the Middle East and North Africa (MENA) region and middle-income countries. Tremendous efforts in terms of reforms and restructuring of the economy have been deployed in the early 80s. The...

The objective of the paper is to examine the impact of economic openness on FDI inflows and the interaction between foreign presence and labor productivity in the case of Moroccan manufacturing. Our estimation showed that the entry into force of the Association Agreement has boosted FDI inflows...

This paper examines the precise links between foreign direct investment (henceforth, FDI) and poverty alleviation, where so far there are few studies attempted to analyze empirically this relationship. The FDI inflows vary across international borders, therefore FDI reduces poverty only under...

Using a Monte Carlo experiment, this paper explores the impact of data aggregation on measuring the FDI spillovers. We find the aggregation significantly covers up the spillovers, which is further exacerbated by the correlation between the foreign presence and the explanatory variable at the...

This paper investigates the impact of foreign firms on exports of domestic exporting firms. We show that domestic firms respond to an increase in the presence of foreign firms by increasing their exports, despite the increase in foreign presence can drive up the production cost and make domestic...

In this paper, we first compare the characteristics of Moroccan and foreign manufacturing firms between 1987 and 1996, and finds, as expected, that the latter perform better in terms of productivity, are technologically more advanced and more export-oriented, and pay higher wages than the...