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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Identifying and characterising the business cycle: the case of Morocco
Author:El Alaoui, Aïcha
Year:2015
Periodical:The Journal of North African Studies (ISSN 1743-9345)
Volume:20
Issue:3
Pages:415-431
Language:English
Geographic term:Morocco
Subject:business cycles
External link:https://doi.org/10.1080/13629387.2015.1025060
Abstract:This paper analyses the key features of the Moroccan business cycles during the period 1980-2012. The chronologies in classical and growth cycles, expansion and contraction phases, and full cycles in real gross domestic product are identified. Using the modified Bry-Boschan algorithm, eight business cycles were found and the ninth is not yet achieved. Then, the main features in these cycles were analysed by applying the method of Harding and Pagan [2002. 'Dissecting the Cycle: A Methodological Investigation.' Journal of Monetary Economics 49: 365-381]. This method has shown that the Moroccan economy is characterised more by the average cumulative gain and by the domination of expansion phases than by the cumulative loss. Bibliogr., notes, ref., sum. [Journal abstract]
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