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 has the aim to study the impact of the external public debt on the economic growth in Morocco. The estimates cover the period 1988-2016. The econometric instrument used for estimating the model parameters is based on the "ARDL bound testing" method. The results confirm the high public debt has a negative and largely significant effect on the economic growth, for the short as well as for the long term. The effect is much more important in the short term than in the long term. The results corroborate most studies stating that the external debt has a negative impact on economic growth.

 

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

Downloads

Download data is not yet available.

Downloads

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-NonCommercial-NoDerivatives 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
Crossref
Scopus
Google Scholar
Europe PMC