Identifying and characterising the business cycle: the case of Morocco.

This paper analyses the key features of the Moroccan business cycles during the period 1980:q1–2012:q1. 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 bu...

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Publicado en:Journal of North African Studies Vol. 20; no. 3; pp. 415 - 432
Autor principal: El Alaoui, Aïcha
Formato: Artículo
Publicado: Taylor & Francis Ltd Jun2015
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Acceso en línea:Ver este registro en EBSCOhost
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      dt: Jun2015
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      pub: Taylor & Francis Ltd
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        10.1080/13629387.2015.1025060
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        atl: Identifying and characterising the business cycle: the case of Morocco.
      aug:
        au: El Alaoui, Aïcha
        affil: Polyvalent Laboratory of Research and Development (LPVRD), High School of Technology, University of Sultan Moulay Slimane, BP: 591, Av. Ibn Khaldoun, CP: 23000, BeniMellal, Morocco
      su:
        Morocco
        Business cycles
        Economic development
        Economic policy
        Economic history
        Gross domestic product
      sug:
        subj:
          Business cycles
          Economic development
          Economic policy
          Economic history
          Morocco
          Gross domestic product
      keyword:
        classical cycle
        E23
        E30
        E32
        growth cycle
        HP filter
        classical cycle
        E23
        E30
        E32
        growth cycle
        HP filter
      ab: This paper analyses the key features of the Moroccan business cycles during the period 1980:q1–2012:q1. 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 are 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 characterised by the average cumulative gain is more important than the cumulative loss and by the domination of expansion phases.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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