Bounader, L., (2016), Is there a crowding-out effect in the Moroccan context ? Evidence from structural VAR Analysis.
Is there a crowding-out effect in the Moroccan context ? Evidence from structural VAR Analysis
By : Lahcen BOUNADER
Abstract: This paper investigates the crowding out effect hypothesis in Morocco. Accordingly, the interest rate reacts to the change of the level of government spending. The Empirical results obtained from the impulse response analysis of the structural VAR model indicate the absence of such an effect. Spending in infrastructure, in communication and in welfare seem to build the basis of modern economy that will attract private investments, and the result will not be materialized in the immediat short term.
Keywords: SVAR, Fiscal policy, Real interest rate.
To cite this article : BOUNADER, Lahcen, 2016. "Is there a crowding-out effect in the Moroccan context ? Evidence from structural VAR Analysis," MPRA Paper 69275, University Library of Munich, Germany.
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