EXTERNAL PUBLIC DEBT AND ECONOMIC GROWTH IN MOROCCO: ASSESSMENT AND IMPACTS

Authors

  • Oumansour Nor-Eddine Mohammed V University in Rabat, Morocco Author
  • Chkiriba Driss Moulay Ismail University in Meknes, Morocco Author

DOI:

https://doi.org/10.20472/ES.2019.8.2.006

Keywords:

External public debt, Economic growth, ARDL bound testing, Debt overhang

Abstract

This paper aims to study the impact of external public debt on economic growth in Morocco. The estimates cover the period 1988–2016. The econometric approach used to estimate the model parameters is based on the ARDL bounds testing method. The results confirm that high public debt has a negative and statistically significant effect on economic growth in both the short and long term, with a stronger impact in the short term. These findings corroborate most existing studies indicating that external debt negatively affects economic growth.

 

Data:
Received: 9 Sep 2019
Revised: 25 Oct 2019
Accepted: 6 Dec 2019
Published: 20 Dec 2019

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Published

2019-12-20

Issue

Vol. 8 No. 2 (2019): International Journal of Economic Sciences

Section

Articles

License

Copyright (c) 2019 Oumansour Nor-Eddine, Chkiriba Driss (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Nor-Eddine, O., & Driss, C. (2019). EXTERNAL PUBLIC DEBT AND ECONOMIC GROWTH IN MOROCCO: ASSESSMENT AND IMPACTS. International Journal of Economic Sciences, 8(2), 80-95. https://doi.org/10.20472/ES.2019.8.2.006
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