The purpose of this paper is to analyze monetary integration through the correlation of business cycles across countries. In this context, different estimation methods have been used in real GDP data (Dollars in base 1995) for 8 Southern Mediterranean countries of the (SMC) and covering the...

The objective of this study is to investigate the causality between electricity consumption and economic growth for a panel of twelve MENA countries (seven energy exporters and five energy importers) over the period 1975–2010 within a bivariate framework. To examine this linkage, we applied...

This paper attempts to assess empirically the short-run dynamic between commodity price uncertainty and manufactured exports in Morocco and Tunisia. To this end, we propose a novel model Component with Multiple Threshold-GARCH (CMT-GARCH) that extends Weighted-GARCH of Bauwens and Storti (2008)....

Brain drain has long been an important concern particularly for a developing country like Morocco where high-skilled emigration rates are highest. The aim of this paper is to highlight the causes of migration of Moroccan students to France, to offer then some implications. To this end, we apply...

Several studies considered oil price as exchange rate determinants. The novelty of our paper is to test if the lagged oil price are statistically significant predictors of Moroccan and Tunisian exchange rate. We consider a stricter GARCH specifications (linear versus nonlinear, symmetric versus...

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...

Are exchange rate uncertainty affect export performance? This paper assesses this question using meta-analysis on a sample of 56 studies from 1984 to 2013 for the purpose of cumulating the findings across studies in order to reconcile the conflicting results of prior researches. The total sample...