The Impact of Monetary Policy on Private Investment in Morocco: An Analysis Using a VECM Model.

Authors

  • ESSALHI KHADIJA
  • KARTOBI SALAH EDDINE

DOI:

https://doi.org/10.5281/zenodo.10123861

Keywords:

Private investment, Policy rate, Monetary policy

Abstract

The aim of this article is to analyze the relationship between monetary policy and private investment in Morocco. It explains how private sector investors react to changes in monetary policy decisions. Our study aims to understand the effect of monetary policy action on private investment in Morocco over the period 1995-2020, using the VECM method. The results indicate that in the long term, the policy rate and the money supply have a negative and significant impact on private investment, while the exchange rate and credit granted to the private sector have a positive and significant impact on private investment. 

Author Biographies

ESSALHI KHADIJA

Doctorante à la faculté des sciences juridiques, économiques et sociales, Cadi Ayyad, Marrakech

KARTOBI SALAH EDDINE

Enseignant chercheur à la Faculté des sciences juridiques économiques et sociales, Cadi Ayyad, Marrakech.

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Published

2023-11-14

How to Cite

ESSALHI KHADIJA, & KARTOBI SALAH EDDINE. (2023). The Impact of Monetary Policy on Private Investment in Morocco: An Analysis Using a VECM Model. African Scientific Journal, 3(20), 835. https://doi.org/10.5281/zenodo.10123861

Issue

Vol. 3 No. 20 (2023): Vol. 3 No. 20 [O]

Section

Articles

License

Copyright (c) 2023 African Scientific Journal

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.