Impact Of Export Diversification On Economic Growth In Morocco

In a global context characterized by instability and fluctuating of export earnings,the economic growth rates recently recorded by the Kingdom of Morocco call into question the structural dynamics of the Moroccan economy.A productive structure essentially characterized by insufficient diversification and a low index of export sophistication.The main objective of this article is to empirically evaluate the impact of export diversification on economic growth in Morocco using a vector autoregressive(VAR)model.The results of this study show that a 1% increase in the diversification of Moroccan exports positively influences economic growth in Morocco by 0.27%.During this article,we first presented the tools for measuring export diversification as well as our methodological approach,which allowed us,in a second step,to analyze the results of our study.For that,we tried to identify the main partnerships and agreements maintained by the Kingdom of Morocco,the main export sectors and how it faces with globalization.For this,we have tried to explain some diversification strategies and how Morocco copes with international competitiveness.Although the performance is positive,there are still barriers that Morocco must face and that the government must do everything in order to adopt an appropriate policy to promote export diversification.