Abstract:

One of the trends observed in recent decades is the rise of global value chains (CVCs). Integration into a GVC means that a country becomes part of an international production network in which intermediate goods are sourced from different locations and assembled in a third country (BENOMAR, El Bouanani , & Ezziani, L’intégration du Maroc et l’Afrique du Sud dans les Chaines de valeur mondiale: Cas du secteur automobile, 2022). GVCs offer developing countries the opportunity to participate in the global economy (Baldwin, 2011), and are an important driver of economic growth (OCDE, 2014). To examine whether participation in GVCs has beneficial macroeconomic effects and could represent a development strategy for Morocco, we will test econometrically the relationship between GVC participation and economic growth. For this purpose, we will exploit data from the World Bank, OECD, the period from 1991 to 2021 and, through the autoregressive lag model (ARDL), we will analyze the results obtained.

Keywords:

Global Value Chains, Growth, Morocco, ARDL.

How to Cite:

Farah Benomar, Hicham EL Bouanani and Abdelaaziz Ezziani. Morocco's Participation in Global Value Chains and the impact on Economic Growth, Application of the Autoregressive Lag Model (ARDL). [ref]: vol.21.2023. available at: https://refpress.org/ref-vol21-a273/