The Possibility of Economic Integration between Arab Maghreb Countries ( Algeria, Morocco, Tunisia.)
Keywords:
Economic Integration, regional groupings, co-integration, Arab Maghreb Countries ( Algeria, Morocco, Tunisia.)Abstract
To achieve this goal, our study focuses on the long - term relationship among macroeconomic variables real GDP, trade flows, investments and government expenditures using cointegration technique with annual data from the period 1969 - 1988 (before the foundation of the Union) and the establishment of the Arab Maghreb Union during the period 1989 - 2012. Our empirical results suggest the existence of long - term relationship equilibrium between economic sectors of the three countries during the period 1989 - 2012, which enabled them to realize the Maghreb Union. Therefore, the failure of these countries to achieve a regional integration is likely caused by political factors. Keywords: Economic integration, Arab Maghreb countries, Cointegration technique
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