The Effect of Terms of Trade on Economic Growth in Maghreb Countries: Harberger-Laursen metzler Effect for the Period 1990-2017

Hicham, Ayad; Belmokaddem, Mostefa

Article Details

The Effect of Terms of Trade on Economic Growth in Maghreb Countries: Harberger-Laursen metzler Effect for the Period 1990-2017

Authors:

Hicham, Ayad | Belmokaddem, Mostefa

Publisher:

جامعة قاصدي مرباح ورقلة

Journal:

مجلة الباحث Vol.2019 Issue 19, pp.563-576

Document Type:

Article

Publication Date:

1/2019

Document Language:

English

Document ID (Org No.):

2001204738

pISSN:

1112-3613

Keywords:

Abstract:

 This study investigates the direct impact of terms of trade on economic growth in Maghreb countries from 1990 to 2017, so as to be able to test the Harberger-Laursen Metzler effect, using various econometric techniques for panel data analysis as the modern unit root test PSCADF (2006), the Pedroni and Kao tests for co-integration in addition to Westerlund (2007, 2008) test with bootstrap technique, and finally the Dumitrescu-Hurlin (2012) non-causality test, the results shows that there is no evidence of any co-integration relationship between the variables, and there is a small effect from the TOT index to economic growth whereas any increase in the TOT index by 10% causes an increase in GDP by 0.217%, the results also shows that there is no evidence of any causality from terms of trade to economic growth in contrast of a uni-directional causality running from terms of trade to trade openness, and for the Harberger-Laursen-Metzler effect (HLM effect) the results reveal a weak effect with economic growth and trade openness in Maghreb countries.

Article Details

The Effect of Terms of Trade on Economic Growth in Maghreb Countries: Harberger-Laursen metzler Effect for the Period 1990-2017

Authors:

Hicham, Ayad | Belmokaddem, Mostefa

Publisher:

جامعة قاصدي مرباح ورقلة

Journal:

مجلة الباحث Vol.2019 Issue 19, pp.563-576

Document Type:

Article

Publication Date:

1/2019

Document Language:

English

Document ID (Org No.):

2001204738

pISSN:

1112-3613

التبادل التجاري

النمو الإقتصادي

الإنفتاح الاقتصادي

دول المغرب العربي

Issues

Article Details

The Effect of Terms of Trade on Economic Growth in Maghreb Countries: Harberger-Laursen metzler Effect for the Period 1990-2017

Authors: Hicham, Ayad | Belmokaddem, Mostefa

Publisher: جامعة قاصدي مرباح ورقلة

Journal: مجلة الباحث Vol.2019 Issue 19, pp.563-576

Document Type: Article

Publication Date: 1/2019

Document Language: English

Document ID (Org No.): 2001204738

pISSN: 1112-3613

التبادل التجاري

النمو الإقتصادي

الإنفتاح الاقتصادي

دول المغرب العربي

Issues

Authors:

Hicham, Ayad | Belmokaddem, Mostefa

Publisher:

جامعة قاصدي مرباح ورقلة

Journal:

مجلة الباحث Vol.2019 Issue 19, pp.563-576

Document Type:

Article

Publication Date:

1/2019

Document Language:

English

Document ID (Org No.):

2001204738

pISSN:

1112-3613