Study of the impact of export diversification on economic growth: an empirical study of quarterly data for Morocco

Abstract

This study assesses the impact of export diversification on economic growth in Morocco. Focusing on quarterly data, the paper provides context on the significance of trade openness in the economic transformation process. Despite the benefits of this openness, the Moroccan economic structure remains relatively static due to a lack of high-performing industries to meet local demand.

The analysis reveals that export diversification plays a crucial role in stabilizing export revenues and driving economic growth. The results, derived from an econometric model based on the augmented Solow model, confirm a significant and positive relationship between export diversification and economic growth, with an elasticity of 0.15%. In conclusion, the paper recommends that Morocco explores new markets and enhances commercial skills to solidify the diversification of its exports.