Oil price volatility and the key macroeconomic variables: empirical evidence from Morocco as a net oil importing country
Oil prices in the global market is usually found to be correlated with the economic growth of an economy. In this study, we make an attempt to investigate whether there is any significant relationship between oil prices and macroeconomic variables in the Moroccan economy. Using the Moroccan monthly data from 2007-2016 and the time series techniques such as co-integration, long run structural modelling, vector error correction, and variance decomposition, we found a significant statistical relationship existing between inflation, oil price, trade balance, interest rate, and economic growth, whereby oil price and interest rate are significant macroeconomic ...
Oil price , Macro economic variables , Determinants of economic growth , Morocco
Azzi, A. (2017). Oil price volatility and the key macroeconomic variables: empirical evidence from Morocco as a net oil importing country (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2713